Time to spice things up a little. Today, we’ll take a look at Lebanon, its full Arabic name (الجمهورية اللبنانية) literally meaning the Lebanese Republic. Hated and loved for a banking secrecy so strict it makes Swiss bankers blush, its quasi-tax-haven status, and the tolerance for Hezbollah. This beautiful country is…
In the early days of this blog, I wrote a couple of articles that continue to be some of the most read ones. Going back to them now, I notice that I have improved my blogging in the almost two years since then and that those articles are in fact…
Today, we return to our adventure across the seas to another British Overseas Territories: the British Virgin Islands (BVI). This jurisdiction is the grandfather of all IBCs and continues to play an important and controversial role in the international financial services sector. History As with much of the Caribbean, history…
Today I will go through International Banking Acts (IBAs) and weigh some pros against some cons. What are banking acts? A normal banking act is a jurisdiction’s bank regulation or bank law, which governs a the banks of that jurisdiction. It usually covers all banks and bank-like companies and financial…