Ehhh, it can be (there used to be ads in the back of the Economist for this sort of thing). The hard part is getting correspondent relationships with bigger banks (i.e. a bank account for your bank).
The difficulty of that exercise is supposed to be directly proportional to the AML/KYC reputation of the jurisdiction granting the charter.
Exceptions abound, of course, and possession of incriminating video of a bank executive might make it a lot easier.
The difficulty of that exercise is supposed to be directly proportional to the AML/KYC reputation of the jurisdiction granting the charter.
Exceptions abound, of course, and possession of incriminating video of a bank executive might make it a lot easier.