Offshore Bank means a bank located outside the country of residence of its depositors, with most of its account holders being non-residents of such jurisdiction.
Offshore Bank means a Foreign Bank that is barred, pursuant to its banking license, from conducting banking activities with the citizens of, or with the local currency of, the country that issued the license but does not include a Regulated Affiliate.
Offshore Bank means any bank holding a licence granted by the Authority under the Act which categorises the bank as an offshore bank and entitles it to carry on a limitedrange of banking business;
More Definitions of Offshore Bank
Offshore Bank means any Foreign Bank that possesses a license to conduct banking activities that prohibits the licensing entity from conducting banking activities with the citizens of, or in the local currency of, the jurisdiction that issued the license. 31 C.F.R. § 1010.605(i).
Offshore Bank means any company that carries out exclusively offshore banking business or trust business, or both;
Offshore Bank. Means any Foreign Bank that is barred, pursuant to its bank license, from conducting banking activities with the citizens of, or with the local currency of, the country that issued the license does not include a Regulated Affiliate;
Offshore Bank means a person who carries on offshore banking business or offshore investment banking business, as the case may be;
Offshore Bank means a bank the conditions to the licence of which restrict its business exclusively or predominantly to persons who are not permanent residents of the Republic and to currencies other than the Cyprus pound; "representative office" means an office from which theinterests of the entity to which it belongs are in any way promoted or assisted but at which no banking business or the business of accepting deposits is carried on; Cap. 193. "Trustee" has the meaning assigned to this word by the Trustee Law.
Offshore Bank means a bank licensed under the Banking Act 1988 to transact offshore banking;