Obtaining a Class A banking license in reputable offshore destinations has become more difficult in recent years as very few licenses are being granted. One of the reputable destinations where a license may still be obtained is St. Vincent and this is because the international banking scene in St. Vincent has been monitored by the Eastern Caribbean Central Bank (ECCB) for the past 25 years. The result of this monitoring activity is the credibility that St. Vincent now enjoys.
By obtaining a Class A banking license, your bank will be able to engage in diverse banking activities which are typically carried out by North American and European banks and these include but are not limited to; issue certificates of deposit, trade in currencies, offer mortgages, credit and debit cards, conduct interest rate swaps etc. With the exception of St. Vincent and the Grenadines, your bank will carry out banking activities anywhere in the world but it must maintain a local office with at least a full-time clerk and a part-time manager.
A Class A banking license is an extremely important asset and provides your bank with a correspondent bank relationship with the Bank of St. Vincent and the Grenadines Ltd which is very rare.
Procurement Process for Class A Banking License
With a deep knowledge of the process involved and bearing in mind your purpose for the license, Moss ensures that the license if procured through lawful channels and expeditiously.