Private Bank Recommendations
- Thread starter Watchingtheweasels
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Well, that's unfortunate. By all i's dotted, and t's crossed I mean nothing suspicious about the funds, the necessary nationality and renunciation documents in hand, and no legal issues with either the police or taxing authorities.
I guess NZ or Europe it would have to be then. As far as CSB in the Cook Islands, my understanding of it is it is perhaps a second or third tier jurisdiction for someone with a company there who is having trouble opening elsewhere? Not sure how I feel about Hong︀ Kong either; I was there once many years ago when it was under British rule︁ but moving assets to a Chinese jurisdiction while so many Chinese seem to want to︂ get assets out of said jurisidction seems a bit counterintuitive.
I guess NZ or Europe it would have to be then. As far as CSB in the Cook Islands, my understanding of it is it is perhaps a second or third tier jurisdiction for someone with a company there who is having trouble opening elsewhere? Not sure how I feel about Hong︀ Kong either; I was there once many years ago when it was under British rule︁ but moving assets to a Chinese jurisdiction while so many Chinese seem to want to︂ get assets out of said jurisidction seems a bit counterintuitive.
I would never ever bank in the Cook Islands lol.
CSB is getting the same fate as EPB sooner or later, as they heavily depend on correspondent banking relationship
both for payments as well as for financial instruments custody.
CSB is getting the same fate as EPB sooner or later, as they heavily depend on correspondent banking relationship
both for payments as well as for financial instruments custody.
Capital Security Bank had at some time Bendura Bank Liechtenstein as custodian, a dodgy bank owned by a chinese guy. Makes you wonder.
What custodian are they now using?
What custodian are they now using?
Thanks for posting, Weasels. I’m in the same situation in Vanu. Please keep us updated. There’s too much info online to sift through to find whats not going to be a waste of time for folks in our specific situation.
Well, Capital Security Bank Cook Islands is probably not bad. And not comparable with EPB for sure. They are quite a long in the business and always were really transparent. It's true︀ that their current website sucks totally – I just wanted to refresh my information and︁ met such a resource-hungry and badly coded beast that has almost eaten my old machine︂ 🙁 Unusable.
Apart from that, if SG is not an option, I would really have a︃ look at banks at British Crown Dependencies – Isle of Man, Guernsey, Jersey – as︄ proposed here https://www.offshorecorptalk.com/threads/private-bank-recommendations.46161/post-322303. TBH, I would trust them a little bit more than CSB︅ – but it's maybe just emotional.
Apart from that, if SG is not an option, I would really have a︃ look at banks at British Crown Dependencies – Isle of Man, Guernsey, Jersey – as︄ proposed here https://www.offshorecorptalk.com/threads/private-bank-recommendations.46161/post-322303. TBH, I would trust them a little bit more than CSB︅ – but it's maybe just emotional.
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