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 mostly foreign transactions and it would be unreasonable for them
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 the shareholders are motivated to sell. It
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 USD. What makes this a unique opportunity
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 Currency and
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 is a
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 hard look at Puerto
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 management of the international banking sector. In this article,
[vc_row][vc_column][vc_column_text]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 to set up an international bank in St.
[vc_row][vc_column][vc_column_text]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 tendencies that make it a great
[vc_row][vc_column][vc_column_text]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 transactional bank, this is the place