Bermuda is poised to become the top international bank license in 2024. The island has a number of advantages that make it an attractive destination for banks, including a stable political and economic environment, a sophisticated financial services industry, and a well-developed regulatory framework. Bermuda is poised to become the top international bank license in
In this post, I am looking at the risks of buying an international bank in Puerto Rico. I am focused on offshore banks in Puerto Rico because that’s my expertise. But, these risks apply to the purchase of any small bank, especially offshore banks without FDIC. The acquisition of a bank in Puerto Rico can
The Puerto Rico Office of the Commissioner of Financial Institutions (OCIFI) is expected to implement new international banking regulations in 2024. The regulations are designed to improve financial transparency and to prevent money laundering. Some of the key provisions of the new regulations include: Enhanced customer due diligence: Banks will be required to conduct more extensive
I usually write about mid-tier or lower-tier international banking licenses. In the middle of the market, we have the US territory of Puerto Rico with Bermuda coming up fast. In this post, I’ll look at the top-tier banking jurisdictions. If you enjoy the following article, you might also like to review the differences between Puerto
Premier Offshore Company Services
Premier Offshore Company Services