Embed Size (px)
Citation preview
No-nonsense international banking within the context of increasingly restricted global capital markets
➔ Traditional personal and private banking
➔ In-house compliance department
➔ Licenses for crypto-currency operations and issuance of security tokens
Overview
Migom Bank Ltd. (https://migom.com) is an international bank regulated by the Financial Services Unit of the Ministry of Finance of the Commonwealth of Dominica http://fsu.gov.dm/registered-entities/offshore-banks
Private asset management, marketing, customer relations, and information assistance services are provided in conjunction with Migom Verwaltung AG, Switzerland, a registered SRO member of the Romande des Intermédiaires Financiers (ARIF), an officially recognized self-regulatory organization (SRO) under the anti-money laundering act (AMLA) and the Swiss Asset Management Act.
2
License # 08082019. Address: 75 Hillsborough Street, 2nd Floor, Roseau, Dominica 00109SWIFT: MIMODMD2 (https://www2.swift.com/bsl/facelets/bicsearch.faces – to check SWIFT)GIIN Number: 58NW3B.99999.SL.212 (https://apps.irs.gov/app/fatcaFfiList/flu.jsf – to check GIIN)EMI License (London, Lithuania, Malta, Hong Kong). Migom Bank has correspondent bank accounts in United States, Canada, Italy, Portugal, France, Great Britain, Luxembourg, Latvia, and Hong Kong.
Migom Bank was created for personal and private banking clients demanding customer-friendly account opening, deal-oriented compliance, and seamless global operations across fiat and cryptocurrency assets.
Why Migom?
3
A bank run by bankers,not the compliance dept.
We exist to get our clients’ deals done, with compliance doing just what’s necessary to screen out bad actors
4
https://migom.com/licenses The Migom Bank license is issued by the Financial Services Unit of the Ministry of Finance of the Commonwealth of Dominica.
Banking Licenses
5
Board of Directors and Management
Migom Bank Ltd.An international bank regulated by the financial services division
of the Ministry of Finance Registration in Dominica
Migom Verwaltung AGProvides private banking services and general marketing supportRegistration in Switzerland,
member of ARIF
Migom Investments S.A.E-wallet applications and other e-money
services; EMD agent registered with the UK FCA, no. 902737
Registration in Luxembourg
Migom’s Ecosystem
6
1. Traditional bank accounts, online access for account management, SWIFT / SEPA transfers, transaction and account balance reporting
2. Quick KYC / AML verification (enabled by in-house compliance)
3. Mobile App – a complete set of tools analogous to the online banking web interface
4. Migom debit cards (Visa® and MasterCard ®), internal transfers between the core bank account and accounts linked to each card
5. Execution of bidirectional crypto-fiat exchanges at optimal market rates, depositing and withdrawing of crypto assets, and utilization of the card at retail outlets
6. Execution of OTC transactions – Crypto-Fiat exchange for virtually unlimited transaction amounts with the assistance of the bank
7. Bespoke banking services offered by the Private Bank
7
Key Services
8
Customer-friendly account openingThe client can independently open an account on the bank's website (https://migom.com/open-account).
The procedure consists of three standard steps:
➔ Account registration, confirmation via Email➔ Specifying basic user data (e.g. full name, phone number, address)➔ Uploading the scans of documents proving identity
After verification, the client can immediately access and account in USD/EUR
Migom Bank’s client support staff can assist users with registration issues and can facilitate verification of the required documentation.
An application program interface (API) allows Migom to integrate with client IT systems, e-commerce sites, and third-party payment systems.
Global Banking
Migom Bank's compliance Department is located in the Bank's head office in Vienna. Compliance officers are licensed and insured in accordance with European law.
9
Complex and burdensome bank compliance systems present an obstacle to today’s international business. It is not uncommon for Bank clerks to be disinterested in the client's business (e.g. the need to make a successful financial transaction) and present unnecessary compliance demands and requests to the client, who suffers greatly from such burdens and restrictions.
Migom Bank effectively performs full KYC and AML procedures without increasing risks or complicating the process beyond the reasonable need to screen out bad actors. Together with the Migom Verwaltung AG lawyers, the bank guides clients on issues ranging from account opening and transaction processing, to helping them quickly and legally utilize the entire range of available banking services.
Customer verification is performed using electronic banking systems. Migom Bank can perform verification of up to 20,000 individuals per day.
One of Migom Bank’s main competitive advantages is a flexible and personalized approach to compliance.
KYC/AML Verification
10
The Migom Bank mobile app is available for download on
The app provides the same comprehensive set of financial tools as the bank’s online banking website1.
Capabilities of the Migom Bank mobile app:
1 Full integration of the mobile app is in process
The user can classify Bank cards linked to their account according to each card’s type of use
The app allows one to pay for goods and services using QR code or NFC technology
The app is linked to loyalty programs of various retail chains – the client can easily track bonus point balances via a single
account
Real-time Crypto-Fiat exchanges and pay with crypto in retail outlets
Mobile App & Personal Banking
11
The Migom Card is the ideal tool to manage funds across the globe. One can access funds with a virtual or real prepaid debit card linked directly to the Migom bank account and shop in-store or online everywhere Visa® or MasterCard® are accepted. Safe online payments are enabled via 3D Secure push and SMS notifications. Cash withdrawal is available from ATMs worldwide. There are no monthly or annual fees for the card and one can obtain unlimited additional cards with a Migom Private Banking account.
➔ No monthly or annual fees
➔ No credit check needed to apply
➔ No minimum balance required
➔ Free additional cards with a personal Migom account
➔ A possibility of combining crypto assets with fiat currencies into a single digital space that allows seamless instant transfers between crypto and fiat accounts
Advantages of Migom Bank cards
Migom Cards: Visa & MasterCard
Migom Bank provides its Private Banking clients with personalized advice and individually-crafted trading strategies in key securities markets. Our global industry affiliations ensure safe custody of funds and securities, efficient order execution and access to some of the most challenging financial products such as US OTC stocks and Eastern European exchanges. This service goes above and beyond our offerings to general banking clients, which focus on a low-cost online trading platform for just the major global stock and commodities exchanges.
The network of our affiliates leveraged for these services includes major law and accounting firms, US FINRA-member b/d's, UK FCA-licensed companies, EU-passported brokerages and other regulated entities.
12
Migom Bank’s premium clients are advised by managers who act as personal bankers and able to find solutions complex financial tasks. They can assist clients with selecting optimal financial products, taking into account each individual client’s priorities and degree of risk tolerance.
Leveraging the capabilities of the Migom ecosystem, clients receive a bespoke set of banking and trading services that meet complex asset management needs
Private Banking
13
* The full price list is available on request and is also available in each user’s personal online banking interface** Prices can be adapted for customers depending on the volume of transactions, as well as their frequency and complexity
Prices for Key ServicesAccount Opening 2 500 €
Deposits, EU companies 1% (min 3 €)
Deposits, non-EU companies 1,5% (min 3 €)
Interbank Transfers via SEPA, EU companies 0,75% (min 6 €)
Interbank Transfers via SEPA, non-EU companies 1,25% (min 10 €)
Interbank Transfers via SWIFT 2%, min 40 €
Intrabank Transfer 0.5% (min 1 €)
Crypto ОТС Deals 3% from amount of the deal
14
➔ A single account for fiat and crypto assetsWith a single account, management of international transactions across fiat and digital assets becomes seamless, with simplified accounting and reduced risk of financial errors
➔ In-house compliance departmentThe KYC / AML verification does not take up valuable time for the client
➔ Convenient mobile appThe Migom Bank mobile app is available for download in the Apple Store and on Google Play. The application features the same set of powerful tools as the online interface for personal banking
➔ 24-hour-a-day, on-site maintenanceMigom Bank employees are ready to assist the client with understanding the bank’s services, and are available to promptly answer questions via the chat/feedback form, as well as on the phone
➔ Private BankingLeading specialists of Migom Bank will analyze the client’s financial situation and create a bespoke financial solution to suit the customer’s unique needs
Security, Exclusivity & Comfort
