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
The government of Bermuda is working hard to increase its market share in the crypto, fintech, and international banking sectors. Now is an excellent time to apply for a new banking licensee in the country of Bermuda.
The most popular international banking jurisdictions for 2024 (looking forward) are the Caribbean islands of Bermuda and the British Virgin Islands. This page will give you some history, background, and demographic information on these islands. Bermuda Bermuda
Mexico's financial sector has evolved over the years, giving rise to a diverse range of non-banking financial institutions that cater to various market segments and offer specialized financial services. Among these institutions are Sociedades Financieras de Objeto
As the Mexican financial market continues to evolve, an increasing number of financial services companies, crypto enterprises, and lending businesses are discovering the advantages of incorporating a Sociedad Financiera de Objeto Múltiple (SOFOM). A SOFOM is a
In this article, I will review the differences and similarities between the three Mexican structures used as financial companies. Some of these are used as Fintech payment companies and others can be turned into full banking licenses.
Puerto Rico’s Act 60 is an excellent tax program for US citizens or residents that are willing to relocate to Puerto Rico. Here’s what you need to know about Puerto Rico’s Act 60 if you’re setting up