Banking & Fund Management



Retail banking services are currently provided by Canadian Imperial Bank of Commerce, Bank of Nova Scotia, and the Royal Bank of Canada, while private banking services catering to offshore needs are provided by a number of investment banks and trust companies.  Banks are regulated by the Banking Ordinance and the Financial Services Commission Ordinance.  There is also legislation targeting the proceeds of crime and protecting against money laundering and terrorist financing.

We can advise generally as to the placement of funds in Turks & Caicos and effect the opening of new accounts.  We will also prepare and supervise applications for both National and Oversea bank licences to the Superintendent of Banking, and will assist in the preparation of the requisite business plan.  We will also advise on and prepare customised lending agreements and security documentation.  We can also give recommendations as to placement of funds to suit individual requirements