On the negative side, assets of offshore banking units
(OBUs) in Bahrain fell to $53.
KYC covered entities: Universal, commercial, thrift, rural, and cooperative banks; offshore banking units
and quasi banks; pawn shops and dealers in precious metals and stones; insurance, reinsurance, and pre-need companies, agents, and brokers; mutual benefit associations and holding companies controlling any authorized insurer; trust funds/entities; securities broker/dealers, sales representatives, consultants, and managers; investment houses and mutual funds; foreign exchange dealers, money changers, remittance/transfer agents, and electronic money issuers; entities dealing in currency, financial derivatives, cash substitutes, and similar monetary instruments; and lawyers and accountants
Revenue of ICICI Bank from foreign operations including foreign branches and offshore banking units
in India increased to US$986mn during fiscal year 2013-14, from US$784mn recorded in the previous year.
The bank's operations include deposits, loans, guarantees, foreign exchange, offshore banking units
(OBU), trusts, credit cards, cash cards, securities, bonds, futures, derivative financial products, factoring, safe deposit boxes, electronic banking services, and the national lottery.
More than 100 offshore banking units
and representative offices are located in Bahrain, besides numerous American firms.
72 billion) was generated by offshore banking units
(OBUs) and NT$18.
The Central Bank has been authorised since August 1997 to issue licences for offshore banking units
In August, Taiwan relaxed its regulations to allow major local banks to operate direct cross-strait transactions that are channeled through offshore banking units
Taiwan's Financial Supervisory Commission said that the total revenue for Taiwanese banks' offshore banking units
exceeded US $4.
The lending of offshore banking units
(OBUs) operating in Taiwan reached a record high of USD81.
In addition, the Central Bank exercises regulatory supervision over four offshore banking units
and requires them to meet reporting provisions and other banking rules and regulations.
6, 1997, Shaikh Jassim issued a decree for the Central Bank to issue licences for offshore banking units