Large Indian lenders shifting focus to Gift City for overseas banking needs, closing foreign branches for scalability and ...

Bangladesh Bank has authorised commercial banks to accept foreign currency deposits held in Offshore Banking Units (OBUs), ...

The Bangladesh Bank has permitted both individuals and companies in the country to secure taka-dominated loans using foreign currency deposits held in Offshore Banking Units (OBUs) as collateral. The ...

Banks will now be able to provide loans in Taka to companies and individuals operating in the country using foreign currency ...

China expanded the scope of investors to include more mainland-based financial groups under the eight-year-old Bond Connect ...

Port City Colombo has announced that the two gazetted regulations, Offshore Banking and Offshore Banking -- Prudent Management and Confidence, were officially passed by the Parliament of Sri Lanka ...

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take ...

The US applied more pressure on Iran with sanctions targeting companies that help the country sell oil through a “shadow ...

Offshore bank or investment account (s) also need to be declared. The tax authorities in jurisdictions where the accounts are held, may have signed up for Common Reporting Standards (CRS).

With over 40 years of experience in high-level banking and finance, Alan E. Tonks brings an insider’s perspective to the high-octane world of offshore banking.