01
Oct
2021
International Banks in Puerto Rico Exempt from Reporting Certain Transactions
Category: Puerto Rico
International banks in Puerto Rico are no longer required to report foreign transactions over $5,000 to regulators. The logic is simple: international banks in Puerto Rico handle m...
06
Oct
2020
Operating International Bank in Puerto Rico, USA
Category: Puerto Rico
There is one international bank (IFE license) in Puerto Rico available for $4 million. It has SWIFT and Fedlink, as well as two correspondent partners. It is fully operational and ...
02
Mar
2020
US Bank For Sale in Puerto Rico (IBE not IFE)
Category: Offshore Bank License, Puerto Rico, ...
A very rare opportunity is available in the US territory of Puerto Rico. A fully operational international bank, with FedWire, is up for sale. The cost is approximately $25 million...
05
Feb
2020
National Bank Charters for Fintech Companies
Category: Fintech, United States, US Bank Lice...
Before I begin this article I need to explain how important the OCC is to new and existing banks in the field of Fintech. I am talking about the Office of the Comptroller of the Cu...
05
Feb
2020
De Novo Banking Applications In the United States for 2019
Category: Offshore Bank License, Puerto Rico, ...
A de novo bank any type of bank that is newly chartered that has not been acquired through the purchase of a bank license from a previously licensed bank. That is, a de novo bank i...
14
Dec
2019
Offshore Banks for Sale in Puerto Rico
Category: Offshore Bank License
As of December 2019, there are two international banks for sale in the US territory of Puerto Rico. If you’re planning on setting up an offshore bank in 2020, you should take a har...
27
Nov
2019
Offshore Banking Basel III Implementation
Category: Business Plan, Business Planning, Of...
Basel III is a regulatory framework that includes a number of laws and reforms that are designed to make changes and improvements to the regulation, supervision, and risk managemen...
06
Nov
2019
Setting up an International Bank in St. Lucia
Category: Offshore Bank License, St. Lucia
I mentioned in the past article the benefits of obtaining an International Bank License in St. Lucia. In this post I’ll cover the steps and procedures you must follow in order to s...
06
Nov
2019
Become a Money Service Operator in Hong Kong – Part 1
Category: Hong Kong
Hong Kong exists in a very unique position in the banking world. Hong Kong is right next to the huge Chinese market, but it still enjoys some political freedom and western tendenci...
06
Nov
2019
Best Offshore Banking Licenses for 2020
Category: International Bank License, Puerto R...
In this post, I’ll consider the best offshore banking license for 2020. If you’re planning to start an offshore bank that will focus on crypto, wealth management, or operate as a t...