Category: Offshore Banks
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Itaú Private Bank Opens Bahamas Trading Desk
Itaú Private Bank, from a leading position in the Brazil domestic market, has launched a new Bahamas-based trading desk to help Brazilians invest offshore. In addition to investing US $25 million in technology, Itaú has strengthened the team of advisors in Zurich and Miami and now launches a new trading desk aimed at fostering offshore…
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The World Bank’s incoherent approach to taxes
The World Bank should revise its Doing Business report to bring coherence to its work on taxes. The World Bank’s Doing Business report came under fire last week for its alleged political bias against Chile. Doing Business is a sort of international competitiveness ranking. It measures on an annual basis the ease of doing business…
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White Dragon Society, IMF, GCR, Heritage Bonds and Bank Trading Programs
Over the past several years we have received requests from dozens of legitimate groups claiming to have imminent closings and requesting us to supply them with high level receiving bank accounts and trading programs. Not a single one has ever received any funds. • Chinese Bonds – The Beijing government has stopped redeeming these. They…
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Commonwealth of Dominica Welcomes Newest Offshore Bank
ROSEAU, Dominica, Dec. 31, 2017 /PRNewswire/ — In late 2018, Digibank joins the ranks of Class-A licensed offshore banks of the Commonwealth of Dominica. Poised to ride the trend of globalized wealth, Digibank aims to incorporate technology to traditional offshore bank services to achieve 3 crucial comparative advantages, namely full digitalization, faster processing speed and lower transaction cost.…
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What Is A Clean Nominee Bank Account?
This is from the User’s Guide to a Clean Nominee Bank Account for cash flow that is a specifically recognized category by tax authorities as not being your income For the purpose to ensure that taxpayers pay the right amount of tax to the right jurisdiction, the Automatic Exchange of Financial Information general rule is…
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Pre-qualified AML & KYC Clean Nominee Bank Account
[box]Has a bank told you they have no problem with FATCA, CRS or Automatic Exchange of Financial Information? Do they offer a Nominee Bank Account?[/box] Some misunderstand what they have said. What they have said is ”we” only accept transfers from Financial Institutions who have performed the AML & KYC. [box type=”alert”]For lack of a…
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China’s ICBC Sets Up Global Asset Management Company
The banking giant’s offshore investment subsidiary is going global, restructuring to serve both domestic and foreign investors. The Industrial and Commercial Bank of China, the world’s biggest bank by assets, is rebranding and restructuring its offshore investment subsidiary into a global asset management company, an executive at the company confirmed. The new Hong Kong-based entity,…
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Internet Banks vs Brick & Mortar
New Study Finds Online Banks Offer Savings Yields Four Times Higher than Traditional Banks & Credit Unions For those looking to earn more interest on savings accounts, internet banks are increasing APYs at a faster rate than traditional counterparts CHARLOTTE, N.C., Aug. 8, 2017 /PRNewswire/ — A new study by DepositAccounts.com, now part of LendingTree®,…
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Three great reasons to open a foreign bank account
First off—opening an offshore bank account is 100% legal. These days even the mere hint of the word ‘offshore’ conjures images of criminal activity, money laundering, and tax evasion. [box size=”large”]“Offshore” is just another way of saying ‘international’ or ‘overseas’.[/box] And the reality is that diversifying your bank accounts internationally is a completely rational, legitimate,…