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13 Jul 2023
Navigating Regulatory and Country Risk: Setting Up a Bank in Puerto Rico
Navigating Regulatory and Country Risk: Setting Up a Bank in Puerto Rico
Category: Business Planning, Puerto Rico
Establishing a bank in any part of the world requires a nuanced understanding of the specific country’s regulatory environment and associated risks. Puerto Rico, a U.S. terri...
30 Jun 2023
Bermuda is the Best Jurisdiction for a Crypto Exchange or Digital Asset Business
Bermuda is the Best Jurisdiction for a Crypto Exchange or Digital Asset Business
Category: Bermuda, Blockchain, Business Plan, ...
Bermuda has quickly emerged as a leading jurisdiction for digital asset businesses and cryptocurrency exchanges, thanks to its comprehensive regulatory framework, stable political ...
21 Jun 2023
International Banks in Puerto Rico with Fedwire
International Banks in Puerto Rico with Fedwire
Category: International Bank License, Puerto R...
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...
20 May 2023
Best Cities in Mexico to Set Up a Financial Services or Fintech Business
The Best Cities in Mexico to Set Up a Financial Services or Fintech Business
Category: Blockchain, Business Planning, Finan...
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 mo...
19 May 2023
bank license in puerto rico
The Internet and ChatGBT are Wrong About International Bank Licenses in Puerto Rico
Category: International Bank License, Offshore...
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 informat...
16 May 2023
banking hurdles
Risks of Bank Acquisition in Puerto Rico: Compliance, Loan Books, and Regulatory Pitfalls
Category: Business Planning, International Ban...
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 wh...
02 May 2023
US and Puerto Rico Bank Licenses
US Banking License vs. Puerto Rico International Banking License
Category: International Bank License, Offshore...
In this post, I will compare and contrast US banking licenses with international banking licenses in Puerto Rico.
24 Apr 2023
Puerto Rico Office
New International Banking Regulations for Puerto Rico in 2024
Category: Business Plan, Business Planning, In...
In this post, I will look at the proposed changes to Puerto Rico's international banking law, Act 273. I expect these changes to be approved for 2024 and to improve the island's in...
24 Apr 2023
banks being closed
Puerto Rico Cracks Down on International Banks: A Look at the Recent Closures
Category: International Bank License, Offshore...
In this article, I look at the reasons several banks have been closed in Puerto Rico over the last couple of years. The regulations and requirements to operate in Puerto Rico have ...
23 Apr 2023
US Bank License
Process to Apply for a US Banking License
Category: Bank Holding Company, Sin categoría,...
This article looks at the process to start a bank in the United States under a state charter. It goes into great detail on the process, capital required, capital ratios, and the FD...