Central Bank Closes Offshore Bank


Created 24 Oct, 2006
Categories General Press Release
Views: 2000
Print
Share

In accordance with the provisions of Section 59 (1) (a) of the International Financial Services Act, 2002-5 (IFSA), the Central Bank of Barbados seized the management and control of Bancafe International Bank Ltd, effective October 23, 2006.   This action was necessary because of regulatory concerns about the financial condition of the entity.



Copyright 2019 by Central Bank of Barbados