Safe Banking with CSB

Open An Account

Thank you for your interest in opening a Capital Security Bank account.

Please following the instructions below.


  • Select the type of account you require from the drop box below.
  • Enter you name and contact email address in the box provided below.
  • Complete the captcha below and click next.

After clicking next you will be presented with the appropriate application form for the account you require. Completion of this form should take no longer than 10 minutes. The application can not be saved until fully complete as such please bookmark the application form page should you need to complete it at a later time.

As part of this process one of our banking officers will contact you within 48 hours (Monday to Friday) of clicking 'next' to assist you with your application. If you have any questions in the mean time please email

Open An Account

Safe Banking with Capital Security Bank in the Cook Islands

Banking in the Cook Islands with Capital Security Bank (CSB) provides its clients with a number of safe guards to protect their assets,
From CSB’s vigorous internal policies and procedures to the Cook Islands legislative and regulatory frameworks, CSB clients can be comforted knowing that their assets are being managed and protected in line with internationally recognised banking standards.


Bank Licensing;

All banks and financial service providers alike must be licensed to operate in the Cook Islands by the Cook Islands financial regulator.

Capital Security Bank Limited holds both an international and domestic banking license.

A full list of the licensed banks operating in the Cook Islands is available on the regulators website via the below link,


Banking Regulation in the Cook Islands;

The Cook Islands Financial Supervisory Commission (FSC) and Financial Intelligence Unit (FIU) ensure that the banks and other financial institutions of the Cook Islands are operating within the laws that bound them.

The FSC came into existence in the Cook Islands on 1 July 2003, replacing the former Off-shore Financial Services Commission


The FSC,

s5 ul arrowIs an independent body responsible for the supervision of regulated financial entities and financial services in the Cook Islands;
s5 ul arrowComprises the Board, the Commissioner, the Head of the FIU and its staff, supervisory staff and the Registrar of International Companies and International Trusts;
s5 ul arrowIs the licensing authority for all financial institutions being banks, insurers (including captives), money-changing and remittance businesses and trustee companies;
s5 ul arrowOperates the Registry of International & Foreign Companies, Limited Liability Companies, International Trusts, International Partnerships and Foundations. 

The Cook Islands Financial Intelligence Unit (FIU) was established in 2002 as an independent agency of the Government of the Cook Islands.

The functions of FIU are to collect, analyse and disseminate financial information and intelligence on suspected money laundering, the financing of terrorist activities and other serious offences to the appropriate authorities in the Cook Islands and internationally with approved organisations or countries.


Banking Legislation in the Cook Islands;

The Cook Islands Banking Act 2011 and Financial Transactions reporting act 2004 provides comprehensive security and confidentiality for customers of Capital Security Bank.

These acts are in line with international banking standards, and compliance with the acts is testing once a year during an annual onsite regulatory audit.

The annual audit conducted by both the FSC and FIU on top of testing compliance with the above mentioned acts comprises of a thorough testing of internal policies and procedures, internal risk controls, accounting, strategic planning, quality of senior management and directorship, and much more.

Going hand and hand with the Cook Islands Banking Act 2011 and Financial Transactions reporting act 2004, banks must comply with a number of prudential statements which cover everything from Capital Adequacy, Liquidity Risk Management, Fit and Proper Persons, Management of Operational Risk etc.

Compliance with these statements is also tested during the annual onsite regulatory audit.

A full copy of all the Cook Islands financial providers legislation and prudential statements is available at the FSC and FIU website via the below links,


External Audit;

The Cook Islands Banking Act 2011 requires that all licensed banks engage a regulator approved external auditor.

The external auditor used as per section five of the Cook Islands Banking Act 2011 must fit a number of criteria such as being experienced in banking business, has no financial interest in the bank and must not be a shareholder of the bank.

Capital Security Bank is annually audited by KPMG and copy of the audit opinion letter is available at Capital Security Bank’s website via the below link,


Banking and Accounting System;

Capital Security Bank’s banking technology is provided by Primacy Corporation.

Primacy Corporation was established in 1998 and specialises in servicing the needs of Private Banks such as Capital Security Bank.

The banking system provided simply named Workplace is a state of the art banking system that provides a number of safe guards to client funds such as,

s5 ul arrowHighly flexible but robust access level security system
s5 ul arrowSeparate input and approval processes meaning no one staff member can execute transactions against a client account or open new accounts solely
s5 ul arrowSophisticated reporting and account reconciliation modules
s5 ul arrowSophisticated anti money laundering modules
s5 ul arrowHighly encrypted data
s5 ul arrowFull client data base stored solely in the Cook Islands

More information about Workplace is available at Primacy Corporations website via the below link,


Internal Procedures;

Capital Security Bank maintains up to date banking and accounting procedures and controls in line with international standards including,

s5 ul arrowA dedicated compliance officer overlooking and testing the banks internal procedures and controls
s5 ul arrowSeparation of duty through its three lines of defence model meaning no one staff member has the ability to process transactions against a clients account or open new accounts without a supervisor approval
s5 ul arrowDuel signing required against all the banks accounts meaning no one staff member has the ability draw funds from the bank. The shareholders of the bank have no signing authority at all meaning there is no possibility of a shareholder fraud being committed against the banks funds
s5 ul arrowDaily second day checks run against the previous days transactions and accounting
s5 ul arrowDaily capital and liquidity management reporting
s5 ul arrowWeekly reconciliation of all bank funds
s5 ul arrowMonthly accounting and compliance management reporting

These procedures are refreshed and updated annually with director approval required



All staff and directors of Capital Security Bank are bound by the banks code of conduct and code of ethics.

Capital Security Bank employs a team of 8 banking and accounting professionals that has over 40 years combined experience in financial services.

Capital Security Bank has strict criteria for new staff onboarding including full background checks, reference checks, and police checks being required as part of the employment process.

In line with the Cook Islands Fit and Proper Persons prudential statement all key management, directors and shareholders of the bank must be approved by the FSC and annual declarations must be provided by those individuals to confirm they still fit within the requirements of the statement.

Ontop of the prudential statement requirements the Cook Islands Financial Transactions reporting act 2004 enforces harsh penalties on any banking staff member at an individual level who breaches key aspects of act such as not following correct account holder authorisation processes or privacy requirements.


CSB Cash Account

Open a Capital Security Bank offshore bank account

A Capital Security Bank cash account will give you access to 25+ different currencies, fixed deposits and world wide money transfers all under the umbrella of a single account number. Click the link below to find out more.

CSB Cash Account

Have a Question?, Inquire Here