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Haitian banks risk being dropped by their correspondent US banks

Bad News from the Haitian Banking sector -- Haitian banks are at risk of losing their correspondent US banks with the new measures taken by the US government to combat money laundering and terrorism, Haiti Press Networks reports...

PHOTO: Haiti - SOGEBANK Hinche
PHOTO: Haiti - SOGEBANK Hinche

According to online Haitian newspaper, many US commercial banks have decided to cut ties with their correspondent banks in the Caribbean region due to stricter banking controls and the fear of heavy fines.

If a Haitian commercial bank loses a corresponding Bank of America, it will no longer be able to make transactions on the outside.

Read the full article, in French, from HPN...

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