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Guide to Offshore Banking with Interpolitan Money

Most people don’t understand a great deal about international banking, however the fewer numbers of people who do often benefit from broader opportunities and experiences. Still though, it is often very difficult to open international accounts for nonresidents because of the increased compliance work.

The days of “easy” account opening are gone for most people. And trying to open offshore accounts without the right information and contacts has become almost impossible and painfully expensive. With legacy institutions for instance, it’s not uncommon to get denied on the spot or told that you can’t even submit an application. If you are able to get an application in, you might have to wait up 12 weeks, before still getting declined.

And of course, the types of products and services you sell, as well as who your customers are can potentially red-flag you as a high-risk applicant.The result of being “high-risk” often results in aflat-out denial from the bank.This longer process will typically include additional document and authentication requests,more in-depth questioning, and more “enhanced due diligence” on your particulars. It’s costlyand time-consuming, and at the end, you will still most likely be denied.
However, changes in regulations, compliance and our embrace of 22nd century banking technology has had a dramatic impact in enabling truly global banking for non residents. With Interpolitan Money, private and corporate clients can open accounts within 2-3 working days without the need to visit a branch. Our compliance teams will work to quickly ID the relevant persons, and if necessary, a video call to authenticate people can be arranged; but we don’t often even need to do this as our systems are built to quickly and securely carry out KYC checks on all our international clients.

To find out more, please contact us today at: banking@interpolitanmoney.com
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We can now process LRS requirements

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Should Hong Kong Residents be Eyeing Offshore Bank Accounts?

With the national security law China has passed in Hong Kong, Interpolitan Money has seen a spike in inquiries from Hong Kong residents about opening offshore accounts.
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Guide to Offshore Banking with Interpolitan Money

International banking often brings one of two things to mind: either a type of account used exclusively by the ultra-wealthy, or, the type of account used by those who have something to hide.
Interpolitan Money is proudly committed in promoting our Human Rights responsibilities across our business. Our approach to Human Rights made in accordance with the UK’s Modern Slavery Act 2015 is available on our parent company, Wirepayer Group’s corporate website here. We’re also dedicated to developing Green solutions to our business processes and operations globally. Please consider the environment before printing any part of our website or communications to you.