Puerto Rico serves as a hub for various financial institutions, including international banks that possess a Fedwire account. While there are numerous credit unions and local banks in Puerto Rico that also have Fedwire accounts, this article
In this post, I’ll look at the best cities in Mexico to set up a financial services or fintech business. After 20+ years of doing business in Mexico, here are my thoughts on the most popular jurisdictions.
In this post, I’ll look at an AI-generated article about setting up an international bank in Puerto Rico and explain where it is wrong. The bottom line is that most of the information on the internet is
In this post, I’ll consider the risks of buying an existing bank. All of these issues must be considered before buying a bank in Puerto Rico or elsewhere. The primary risk areas when buying an operating bank
I’m often asked to compare a US banking license and an international banking license from the US territory of Puerto Rico. In my mind, these are not competing products because their target audiences are so different. But,
Puerto Rico's Governor Pedro Pierluisi and Financial Institutions Commissioner Natalia Zequeira have announced a proposal to amend the International Financial Center Regulatory Act (Act 273-2012) and the International Banking Center Regulatory Act (Act 52-1989). These changes aim
The Office of the Commissioner of Financial Institutions (OCIF) has taken significant action against international banks in Puerto Rico, leading to multiple closures due to non-compliance with regulatory standards. The most recent cease-and-desist order, marking the eighth
This article looks at the process to start a bank in the United States under a state charter rather than a national or Federal charter. It considers a bank owned by shareholders without the need for a
Switzerland's Crypto Valley, located in the canton of Zug, has emerged as a leading global hub for fintech, financial services, and crypto businesses. With its supportive regulatory environment, innovative ecosystem, and business-friendly atmosphere, Crypto Valley has attracted
Switzerland has long been renowned for its robust financial sector, supportive regulatory environment, and innovative spirit, making it a prime destination for entrepreneurs and businesses in the financial services, crypto, blockchain, and artificial intelligence (AI) industries. One