Category: Offshore Banks
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Standard Bank helps clients bank smarter offshore
Standard Bank Group has enhanced its banking app to allow Offshore Group customers access to their offshore accounts while they are on the move. The app allows account holders to view balances and transaction history on a smartphone, and also make cross-currency payments between their Standard Bank accounts. New features released in the future will…
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U.S. Financial Services: Cybersecurity Systems & Services Market – 2016-2020
LONDON, Nov. 4, 2015 /PRNewswire/ — Focus on Financial Services’ Demand Side – Cumulative 2016-2020 Market > $68 Billion U.S. Financial Services: Cybersecurity Systems & Services Market – 2016-2020 Steps Involved in Financial Account Takeovers Source: U.S. Congress GAO July 2015 This report focuses on the U.S. financial services demand side of cybersecurity products, systems…
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Standard Bank Offshore Group recognised in leading industry awards
Standard Bank Offshore Group has picked up the ‘Best International Structured Product Provider Award’ for the third consecutive year and been awarded a highly commended in the ‘Best International Banking Service Award’ category, in the annual International Fund and Product Awards. Standard Bank Isle of Man’s success in the Awards is underpinned by the Isle…
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Demand for Skipton International’s Expat mortgages increases
In a little over one year demand for the bank’s British expat buy-to-let offering has eclipsed that for its established mortgage lending in Jersey and Guernsey. Managing Director of Skipton International, Jim Coupe said: ‘We have been servicing expats with their savings needs for years and knew there would be a demand for buy-to-let mortgages…
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Message to Offshore Money Managers
The New Dawn is Government Enforced Disclosure Globally for Money Managers: Monetary disclosure means that multinational employers who used a Trust structure labeled as a Retirement Plan are now recognized by the IRS as non compliant and their U.S. employees are subject to back taxes, late filing fees and tax penalties. Old methods of offshore…
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The Federal Reserve Speculation
The most common form of arbitrage to remove the effect of taxation is to deal in the cash market, black market or free market. This includes smuggling and other dealings with contraband. Here, the cost of arbitrage may be very great as it can include the risk of government fines and imprisonment. There is also…
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Why Offshore Banks choose Luxembourg
Yves Maas is Managing Director and CEO of Credit Suisse S.A. in Luxembourg. Mr Maas is the Chairman of the Luxembourg Bankers’ Association (ABBL) and a Board Member of the European Banking Federation. As Chair of ABBL, the professional organisation representing the majority of banks and other financial intermediaries established in Luxembourg, he acts as…