The Bank of Saint Lucia wishes to inform the public in particular its customers locally and overseas, that it has not lost, nor is it under any threat of the loss of its Correspondence Banking Relationships as a result of the Saint Lucia Citizen by Investment Program (CIP).
Claims on social media that the Bank has lost a Canadian Correspondent Bank relationship as a result of the CIP program are baseless and untrue.
The Bank’s ability to conduct international transactions in all currencies on behalf of its customers has in no way been interrupted.
Moreover, none of our correspondent Banks have expressed concerns about our due diligence processes for wire transfers including those related to the Citizen by Investment Program (CIP).
The Bank of Saint Lucia wishes to assure all its customers that it will continue to exercise the level of due diligence in keeping with local and international banking regulations and to play its part in ensuring that Saint Lucia remains a low – risk jurisdiction.
SOURCE: Bank of Saint Lucia
Any third-party or user posts, comments, replies, and third-party entries published on the St. Lucia Times website (https://stluciatimes.com) in no way convey the thoughts, sentiments or intents of St. Lucia Times, the author of any said article or post, the website, or the business. St. Lucia Times is not responsible or liable for, and does not endorse, any comments or replies posted by users and third parties, and especially the content therein and whether it is accurate.
St. Lucia Times reserves the right to remove, screen, edit, or reinstate content posted by third parties on this website or any other online platform owned by St. Lucia Times (this includes the said user posts, comments, replies, and third-party entries) at our sole discretion for any reason or no reason, and without notice to you, or any user. For example, we may remove a comment or reply if we believe it violates any part of the St. Lucia Criminal Code, particularly section 313 which pertains to the offence of Libel. Except as required by law, we have no obligation to retain or provide you with copies of any content you as a user may post, or any other post or reply made by any third-party on this website or any other online platform owned by St. Lucia Times. All third-parties and users agree that this is a public forum, and we do not guarantee any confidentiality with respect to any content you as a user may post, or any other post or reply made by any third-party on this website. Any posts made and information disclosed by you is at your own risk.
Ok. Something is up. Blame Juffalli dealings
Blame ChAss!
Ok………we shall see.
Phillip J Pierre’s Saint Lucia
DAt eh never true.
So is BOSL saying dat the PM lied or at best case is misinformed in his statements made in Laborie
All what is going on in the shadows needs to come to light. The population is sick of this nonsense and just want the truth. Provide the audited figures for the past 3 years. If there is nothing to hide then we will all see and be satisfied. This whole CIP thing is tarnishing this country badly.We cannot blame the question askers, we must blame those refusing to answer.
Foreign banks have been dropping Caribbean banks for a while now. It’s nothing new. Earlier this year The Barbados PM made a very compelling presentation to the US government about easing up on their requirements and restrictions on the Caribbean banks.
Some of us on this island are so dramatic sometimes… Gosh.
The Bank came out and said that the reason they lost the relationship with the corresponding Bank was not because of CIP.
Stop making everything political.
Stop letting these politicians rile y’all up to achieve their selfish agendas. That for both UWP and SLP supporters.
“THINK FOR YOURSELF… IT’S NOT ILLEGAL YET.”