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
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
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
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]In recent years the Caribbean has become a haven for foreign investors and corporations to open an offshore bank in many jurisdictions you can find here. In most cases, you can even get a tax incentive if
[vc_row][vc_column][vc_column_text]Europe has quickly become one of the safest places in the world for offshore banking. Its secure financial laws and varied landscape of distinct jurisdictions make it a prime location for foreign investors looking to obtain a