IF FIRST PACIFIC IS A FINANCE COMPANY AND NOT A BANK HOW CAN IT OPERATE BANK ACCOUNTS FOR CLIENTS . Under New Zealand law an offshore finance company may carry on the business of banking and provide financial services and may issue securities to the public outside New Zealand. IF FIRST PACIFIC IS NOT REGULATED BY THE RESERVE BANK THEN HOW IS IT REGULATED. As a finance company we do not come under the regulation of the reserve bank of New Zealand, we do however come under various other acts. ( see the section on Legal status. ) IS FIRST PACIFIC A LEGAL ENTITY IN NEW ZEALAND Most definately, First Pacific Savings & Loan Ltd is incorporated under the Companies Act of 1993 with registration number 1935601. The status of the company can be viewed at www.companies.govt.nz DOES FIRST PACIFIC COME UNDER NEW ZEALAND TAXATION Yes, we pay tax the same as any New Zealand company WHAT IS THE ADVANTAGE OF HAVING AN ACCOUNT WITH FIRST PACIFIC RATHER THAN AN OFFSHORE BANK. Many off-shore banks on the internet today are licenced in third world areas where there are no reporting conditions, restrictions or any type of supervision. First Pacific, although not a bank, comes under strict supervision. Check under "legal Status" to see what acts we are governed under. CAN FIRST PACIFIC OFFER US THE SAME SERVICES AS A BANK. First Pacific , in accordance with the laws of New Zealand, can offer banking services as a finance Company, such as,but not limited to; Deposit taking and Lending, Debit and credit card services, Issuing of financial guarantees and instruments, cash management services, investment management, payment services, cheque issuing. ARE CLIENT FUNDS SUBJECT TO INVESTMENT RISK. No, funds in a clients current account are maintained in currency and not used for speculation. If a client has a fixed term investment then these funds can be used for the term of the investment but only in secure dealings and guaranteed dealings.The client funds are guaranteed by First Pacific. WHERE ARE OUR FUNDS HELD. First Pacific only uses major banks to hold our funds. The location depends on the currency. We do not, however, operate accounts in high risk areas.