Is a Job as a Monetary Assistant for a Foreign Company Legitimate?

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“I was offered a job and I’m not sure if it’s legal. The position is for a Monetary Assistant. They explain that they are a European-based company and have the major part of a profit coming from the other countries’ markets. In order to lower their high taxes in Europe (every company is required to pay its taxes only in the country where it is registered and based), they, like many other import-export companies, use a special marketing system, the bottom line of which is to divide the whole incoming money stream into numerous smaller money streams; and in order to do this we need many bank accounts which those smaller money streams would go through and people who would control them. They say that it is pure marketing and it doesn’t break any law of any country in any way.

[NOTE: Articles and answers on DearEsq., while written and published by lawyers, do not constitute legal advice, and no attorney-client relationship is formed by your reading of this information. You should always consult with an attorney for any legal situations.]

I would need to have two or more bank account(s) in any major US bank(s) (small country banks are not good) which can be newly opened or not, report everyday bank activity related to the company (although I would be notified in advance every time any money transaction occurs), 2 to 3 times a week to do money transfers following the instruction I’d be given, some company’s money will be going to my account(s) every 2-3 days and I will be responsible for transferring it to the company, the monthly total amount going through one account would be $15,000 – $20,000.

I want to be completely positive this is ok for me to do before I accept. Are there any tax implications for me if I do this (if it’s legal and I accept)?”

What you are describing is money laundering, and tax fraud. It’s not legal for the company doing it, and it’s not legal for you. If someone offered me that job, I’d report them to the authorities.



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Author: Anne P. Mitchell, Esq.

Anne P. Mitchell, Esq. is a noted family law expert, Internet law expert, and Professor of Law at Lincoln Law School of San Jose. She is the author of "Surviving Divorce: the Single Father's Guide" and "The Email Deliverability Handbook"

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