Let’s make one thing clear up front: there’s nothing illegal about using offshore bank accounts to store and move assets. Numerous people have offshore accounts – some in an effort to diversify their assets, some use the accounts for greater privacy, and some want to ensure their assets are stored in a stable jurisdiction. And yes, some of these places are tax havens as well. Hell, I’m all about ensuring maximum privacy while paying as little in taxes as possible! At the same time, offshore banking has often been associated with money laundering and movement of corrupt assets. For example, Latvia has long been viewed as a conduit for corrupt Russian asset movement, and the Organized Crime and Corruption Reporting project has identified Latvia’s capital Riga as “a thriving offshore banking sector that has helped criminals and corrupt officials to siphon stolen money from the former Soviet countries.” But ultimately, there’s nothing illegal about storing your money outside the jurisdiction where you live.

That said, the Southern Poverty Law Center’s business dealings are questionable, to say the least. The hate group “watchdog” – which is little more than an extremist left attack organization whose mission is to smear anyone politically more right than Lenin, and which is in the process of being sued for defamation by one of the victims of its libel – apparently has transferred hundreds of millions of dollars to offshore entities in the Cayman Islands and other offshore jurisdictions. Joe Schoffstall at the Washington Free Beacon examined some of the tax documents the SPLC has filed in the last few years, and found that not only has the non-profit organization dumped millions of dollars into offshore accounts in the Cayman Islands – a known hub used by hedge funds to store assets, including New York-based private equity financial firm Tiger Global Management LLC, which SPLC lists as its agent.