As many of us know, Seychelles Offshore Banking was top notch up until a few months ago when Barclay’s Bank in the Seychelles experienced a major shake up after a change in management.  One of the oldest and most respected banks in the world; Barclay’s; is slowly loosing ground in their offshore division based in Mahe, Seychelles.  Since new management took over and placed an individual who has poor customer service and human relations skills in charge, the bank has become a nightmare in paradise.  Many clients complain about the return of wire transfers to their originating banks due to a lack of response or customer service.  Other client complaints about their offshore banking services have ranged from requesting the passport copy of a person who has sent a wire to an account with the bank as well as long delays in making funds available on accounts.  One of the ways one can combat such poor service is by using a Belize Bank Account in lieu of a Seychelles Account with Barclay’s.  Until the mentality of the “person in charge” as well as that of the owners of the bank changes, the bank will experience a decline in new account opening requests as well an exodus of funds from the bank.  Fortunately enough, the Seychelles IBC has not been affected nor will it be affected in any way, shape, or form by the sudden disorganization of Barclay’s.  The International Business Companies authority has a tight hold on what happens with incorporations and it is said that they have commented on the sudden shift from excellent customer service and banking to the haphazard attitude that the bank management has taken.  We hope to see some change in the way business is conducted there in the past and we recommend that until then all clients of the bank as well as clients of APGI who hold accounts there open accounts elsewhere as unfortunately thanks to Barclay’s, Seychelles Offshore Banking has hit a major bump in the road.