Question 1

What is 1Click 2Go Bank & Trust?

Accepted Answer

1Click 2Go Bank & Trust is an international offshore bank incorporated in the Commonwealth of Dominica. The bank operates as a full-service financial institution, specializing in customized banking products and services for international clientele, both personal and corporate. It is authorized and regulated by the Financial Services Unit (FSU) of the Commonwealth of Dominica under the Offshore Banking Act No. 8 of 1996.

The bank is a subsidiary of World Opportunities Fund Inc., a Canadian corporation and financial institution with MSB licence M21004442, authorized and supervised by the Financial Supervisory of Canada (FINTRAC).

Question 2

When was 1Click 2Go Bank & Trust founded?

Accepted Answer

1Click 2Go Bank & Trust was founded in 2016. The bank was registered as a Private Company Limited in the Central Registry of the Companies and Intellectual Property Office of the Commonwealth of Dominica on February 11, 2016, with reference number C3332.

The bank was granted authorization for offshore banking business on April 7, 2016, pursuant to the Resolution of the Financial Services Unit (FSU) of the Commonwealth of Dominica, under reference number 2016/C3332. The bank was established with an authorized capital of US$44,000,000.

On October 27, 2021, the bank received additional authorization from the FSU to conduct digital currency activities, including purchase, sale, deposits, withdrawal, transfer, hypothecation, crypto business, exchange, and custody services.

Question 3

Where is 1Click 2Go Bank & Trust headquartered?

Accepted Answer

1Click 2Go Bank & Trust is headquartered in Roseau, the capital city of Dominica. The bank's physical address is 38 Great George Street, Roseau, Saint George, Dominica.

Question 4

Where does 1Click 2Go Bank & Trust operate?

Accepted Answer

1Click 2Go Bank & Trust operates primarily as an international offshore bank serving global clientele. While headquartered in Roseau, Dominica, the bank claims to have over 26 branches worldwide and maintains an extensive ATM network to provide international banking access.

The bank provides services to international personal and corporate clients globally, excluding CARICOM countries and their nationals as per its restricted territory designation. The bank maintains online and digital banking platforms that allow it to serve customers worldwide.

Question 5

What services does 1Click 2Go Bank & Trust offer?

Accepted Answer

1Click 2Go Bank & Trust offers comprehensive banking services across multiple divisions, including Corporate, Business, Private, Personal, and Internet Banking. The bank provides current and giro accounts, international accounts, savings accounts, time deposits, credit cards, money market accounts, and various loan products.

Loan services include cash loans, mortgage loans, consumer loans, agro loans, and loans for working capital and tourism development. The bank's Trade, Treasury, and Credit departments offer specialized financial products and investment solutions tailored to individual client needs.

Digital services include e-banking, online banking platforms, and cryptocurrency services. The bank is a member of SWIFT and is registered with LEI and FATCA, facilitating international wire transfers and cross-border transactions. The bank also offers dedicated B2B accounts, SEPA transfers, and crypto-to-crypto business transactions.

Question 6

What makes 1Click 2Go Bank & Trust unique?

Accepted Answer

1Click 2Go Bank & Trust distinguishes itself as one of the few offshore banks authorized to conduct cryptocurrency and digital currency operations. In 2021, the bank received specific authorization from the FSU to offer digital currency purchase, sale, deposits, withdrawal, transfer, hypothecation, crypto business, exchange, and custody services.

The bank operates under strict confidentiality and banking secrecy provisions in accordance with Dominica's Banking Secrecy Act and International Banking Law. It provides deposit protection through a private insurance policy covering up to $260,000 USD per customer, issued by an international insurance company.

As a member of the Caribbean Association of Banks and regulated by the Financial Services Unit of Dominica, the bank operates within the framework of the Eastern Caribbean Central Bank (ECCB) and Caribbean Financial Action Task Force (CFATF) guidelines.

Question 7

What type of financial institution is 1Click 2Go Bank & Trust?

Accepted Answer

1Click 2Go Bank & Trust is an Offshore International Bank holding a Class A International Banking License from the Commonwealth of Dominica. This classification means the bank operates under the Offshore Banking Act No. 8 of 1996 and is specifically licensed to conduct international banking business with non-resident clients.

As an offshore bank, it is restricted from conducting banking business with residents of CARICOM countries and their nationals. The bank operates as a private full-service financial institution, combining elements of retail banking, corporate banking, private banking, and investment banking, with additional specialization in digital currency and cryptocurrency services.

The bank is supervised by the Financial Services Unit (FSU), which serves as the Money Laundering Supervisory Authority (MLSA) for Dominica, ensuring compliance with AML and KYC regulations under international standards.

1Click 2Go Bank & Trust

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About 1Click 2Go Bank & Trust in Dominica