Caye International Bank and its Senior Vice President and Head of Private Banking, Luigi Wewege, were recently named the Best Offshore Bank – CARICOM 2021 and Private Banker of the year for CARICOM 2021, respectively, by the International Investor Magazine based out of London. Belize is a front-runner for those seeking offshore banking and investing opportunities. The pandemic has created unique challenges for financial institutions, and we talked with award-winner Wewege of Caye to get his take on these challenges and more. Can you tell us a little about yourself? I am a member of the Caye International Bank’s Executive Management Team, serving as Senior Vice President and Head of Private Banking. Outside of my banking responsibilities, I serve as an Instructor at the FinTech School in California. The school delivers online training on the latest technology and innovation development in the Financial Services industry. I am also the published author of The Digital Banking Revolution, now in its third edition, and available on Kindle and in audio and paperback formats on all major international online bookstores. Previously, I helped complete a pilot study for the Federal Trade Commission during one of the most severe financial times for the American economy. The primary focus of the study was to examine and determine the accuracy of credit bureau information. How did Caye International Bank get its start? Caye’s began as a Belizean mortgage company in 1996. After a continued success over several years, the decision was taken to become an international bank. Caye was granted an unrestricted Class A International Banking License on September 29, 2003, from Central Bank of Belize. The Central Bank of Belize is responsible for regulating Caye International Bank and setting the standards for its liquidity and capital adequacy ratios. Caye International Bank has won many awards and is a consistent regional and international contender. What do you think are the primary reasons for this? Caye is the only fully focused international bank in the country. Our bank license permits us to conduct financial services with individuals and corporations outside Belize. The bank offers a full range of traditional and non-traditional banking services and accounts in multiple currencies, helping people with asset protection and asset diversification. Belize also has a compelling tax structure. There is a zero-tax rate on deposits in many personal and business accounts. That one factor separates Belize from many other offshore locations. How has the bank and business managed to thrive through a pandemic? Caye International Bank clients all face similar concerns, regardless of their location. The main differentiator in their response during COVID-19 has been the size of their portfolio.