The bank
A bank built around the relationship
Trade Commerce Bank is an offshore bank based in Roseau, Commonwealth of Dominica. We were licensed in June 2022 under the Offshore Banking Act No. 8 of 1996, and we are supervised by the Financial Services Unit of the Commonwealth of Dominica.
We serve a limited number of non-resident private clients, families and the companies they own. Each client works with one named relationship manager. We accept new clients by introduction.
How we work
We would rather know a few clients well than many clients slightly. Before we open an account, we take the time to understand who our client is, where their wealth comes from and what they need from us. Once the relationship begins, it is led by a named banker.
Our services are deliberately focused: multi-currency accounts, international payments, foreign exchange and deposits. We add a service only when we can provide it to the standard our clients expect.
Governance
The bank is governed by a board of directors and managed day to day by a managing director, based in Roseau.
Our approach to compliance
We apply customer due diligence to every relationship, in line with the anti-money laundering and counter-terrorist financing laws of the Commonwealth of Dominica. Before an account is opened, we verify identity and beneficial ownership, and establish the source of funds and, where our risk assessment requires, the source of wealth. We review relationships throughout their life, and we decline relationships we cannot understand and verify.
Read our AML and CTF policy statement
Legal details
Trade Commerce Bank · Company no. 2021/C0069 · Incorporated in the Commonwealth of Dominica on 21 April 2021 · Licensed on 16 June 2022 under section 5 of the Offshore Banking Act No. 8 of 1996 · Registered office: 2nd Floor, 36 Great George Street, St. George, Roseau, Commonwealth of Dominica