In this post, I’ll look at the recent failures in the banking industry and then explain how moving crypto banking offshore and into international banks is the solution. I’ll conclude with a review of those international banks
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. territory, is no exception. Despite the island's allure for offshore banking
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 in Puerto Rico that also have Fedwire accounts, this article
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 when buying an operating bank
I’m often asked to compare a US banking license and an international banking license from the US territory of Puerto Rico. In my mind, these are not competing products because their target audiences are so different. But,
Puerto Rico's Governor Pedro Pierluisi and Financial Institutions Commissioner Natalia Zequeira have announced a proposal to amend the International Financial Center Regulatory Act (Act 273-2012) and the International Banking Center Regulatory Act (Act 52-1989). These changes aim
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.
In this article, we’ll look at how to set up an offshore bank in 2022. The landscape of the offshore bank industry has changed quite a bit in the last few years. So, here’s the latest on
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
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,