It has said it will upgrade all offshore banks
to wholesale bank status over time, but plans to grant some 20 wholesale banking licenses over the next two years.
catering to crooks can live with Summers's mild reform proposals.
Use our Offshore Banks
Survey results to see what offshore clients want in terms of products and services
have representative offices in the UAE, such as HSBC, Lloyds TSB, Barclays and Standard Bank.
The banking regulations governing offshore banks
are different from the domestic banking regulations in terms of capital requirements.
looking to attract clients should provide excellent customer service
Firstly, there is the concern that offshore bank
accounts are being used to fund criminal and even terrorist activity.
officials by the now defunct Grenadian-licensed offshore bank
, First Intl Bank of Grenada (FIBG), reports Caribbean Net News (Aug.
As of February 2006, no suspicious transaction reports had been filed with the Comorian Central Bank in Grand Comore as required under the existing Union law, and the branch of the Central Bank located in Anjouan had no knowledge of the shell bank entities that have been licensed by Anjouan's Offshore Finance Authority, which apparently operates independently from the Union's Central Bank and has licenced some 300 offshore banks
, many of which appear to be shell banks.
It is a quantifiable assessment framework of 15 criteria, grouped within five critical amnesty conditions, that can be used by offshore banks
to determine the likely impact of any announced amnesty on their assets under management.
Rivera and Francisco Zayas Seijo introduced legislation that would tax offshore banks
operating on the island 10% on their profits, reports The San Juan Star (March 7, 2003).
Incorporates results from Datamonitor's Offshore Banks