The rules of engagement

Offshore banks no longer exist in a world where rules and regulations are decided by their home jurisdictions. Over the last 10 years, the international regulatory requirements of offshore banks have been tightened considerably, with greater attention being paid to the legitimacy of serving existing customers and looking for new cross-border clients. There has been a huge increase in financial services legislation and all financial services organisations and banks (in particular), are now subject to greater scrutiny. Although regulation is still not a level-playing field in all countries ...