About Us
The private bank of cook islands
Our multi-currency bank account offers you full flexibility, online accessibility and control over your funds, and can be linked to a pre-paid card. With a PWB account, you can enjoy a premium banking experience, deposits, payments, and other options to help preserve and manage your funds.
Your relationship with PWBL is governed by the world-class statutory and regulatory framework of Cook Islands, the most advanced banking jurisdiction in the Pacific.
Capital ratio well in excess of Basel III requirements
We do not engage in speculative portfolio investments or unsecured lending. As a result, our capital ratio is very significantly above Basel III regulatory requirements.
Conservative treasury management
We invest our liquidity in highly-rated developed-markets sovereign fixed income securities and, only opportunistically, in very-short-term over-collateralised trade finance.
Member of SWIFT
SWIFT is the global industry-standard message protocol for international money transfers, including automated sanctions screening and a Know-Your-Client (KYC) Registry.
Rigorous internal procedures
In addition to the world-class legal and regulatory framework of Cook Islands and its supervision by the Financial Supervisory Commission, PWBL maintains state-of-the-art internal policies, processes, procedures and controls in line with the highest international standards and best practices, such as:
- Regular testing of processes and controls
- ‘Three lines of defence’ internal risk control with multiple oversight
- Daily transaction and balance reconciliation of all client accounts and the treasury portfolio
- Daily capital ratio and liquidity profile calculation and reporting
- Annual review and approval of updated versions of all policies and procedures by the Board of Directors
