What a bank wants to see over time

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An account that is opened can be closed. Banks in both hubs review digital-asset clients annually and close relationships that have drifted from the business described at opening. The ways to keep an account are the same as the ways to open one. Tell the bank before the business changes. Keep the inflows within the forecast or explain the deviation before it arrives. Maintain the analytics screening and share the reports. Treat the bank's compliance officer as a counterparty to be informed and never as an obstacle to be managed. A group with accounts in both hubs should give each bank the same information, because the two banks may compare notes through their correspondent relationships. An inconsistency is fatal.

Cross-border perspective

A dual-hub group should plan its banking so that each entity banks where its inflows are easiest to explain. The Swiss foundation or AG, which receives the token-sale proceeds and converts the treasury, banks in Switzerland with a specialist or cantonal bank that has seen such flows before. The Singapore company, which receives service fees from the Swiss entities and pays Singapore salaries, banks in Singapore with a local bank that sees a regulated parent and predictable fiat. Neither entity should route the other's flows through its account. A group that observes that division opens both accounts within a quarter and keeps them. A group that tries to bank its treasury conversions in Singapore spends a year without an account.

For general information only. This article does not constitute legal or tax advice, does not replace advice on an individual case and creates no lawyer-client relationship. It reflects the legal position as of October 2026.

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Dr Alexander Ressos, TEP

Of Counsel, KGP Legal LLC

I am Of Counsel with KGP Legal LLC in Singapore, where I work with a global client base of successful entrepreneurs and their families, independent asset managers, commodity trading houses and other commercial clients. I am a German and Swiss attorney-at-law, also admitted as a solicitor in England & Wales and in Hong Kong. I divide my time between Zug in Switzerland, Singapore and Hong Kong. Since 2017 I have advised international clients on more than 700 crypto and digital asset projects. I also have extensive experience in cross-border litigation and arbitration in Singapore, Hong Kong and other markets in South-East Asia and Greater China.

I operate across the key financial centres in South-East Asia, the Middle East and Switzerland, with a particular focus on asset protection, international tax and estate planning, as well as trusts, company administration and other fiduciary services. My philosophy is to serve as a trusted advisor working closely with my clients and to help them achieve their commercial objectives.

All Singapore law advice is provided through KGP Legal LLC, an established and duly licensed firm of Singapore advocates and solicitors.

KGP Legal LLC is a medium-sized law firm in Singapore that is capable of providing the full range of legal services and corporate administration work. Please contact me directly at [email protected] if you need any further information.

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SingaporeIQ is edited by Dr Alexander Ressos, an international business lawyer with more than 15 years of local experience in Singapore as a permanent resident, a Singapore registered foreign lawyer and managing partner of a Singapore foreign law practice. In addition to significant experience in cross-border investments and transactions, UHNWI private client work and sanctions/export controls, Dr Ressos has extensive experience in cross-border business and in crypto and digital-asset projects in Singapore, drawn from more than 700 projects since 2017.

If you are planning a company incorporation, an investment, a holding structure or a market entry through Singapore, you can reach Dr Ressos directly at [email protected]. Singapore law advice is provided by KGP Legal LLC, a licensed firm of Singapore advocates and solicitors. As a Singapore law practice, KGP Legal LLC is authorised under the Legal Profession Act 1966 to advise on Singapore law and to represent clients before the Singapore courts; foreign law practices with an office in Singapore are, as a rule, not permitted to do either. Dr Ressos and his team facilitate the full range of Singapore legal, compliance and company administration services, including company incorporation, corporate transactions, commercial contracts, crypto and digital assets, financial regulatory work and dispute resolution, including litigation in the Singapore courts. For legal, tax and fiduciary services in Switzerland, see helveticaregister.com.