All about Banking

Banco-di-Caribe
By Edition On Wednesday, November 15th, 2017
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Banco di Caribe selects Accuity to optimise its transaction and account screening

MIAMI, WILLEMSTAD - Banco di Caribe (BdC), the third-largest bank in Curaçao, has selected Accuity, the leading provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, to optimize More...

MCB
By Edition On Thursday, August 3rd, 2017
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MCB paid 153 million taxes and social security contributions

WILLEMSTAD - The MCB Bank contributed 153 million guilders to the Treasury last year. This can be seen from the 2016 annual report. 31 million guilders were paid on income tax and 6 million for sales tax. The rest More...

MCB
By Edition On Friday, July 14th, 2017
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MCB Bank to close its Free Zone Branch

WILLEMSTAD - After almost thirty years of service in the Curaçao Free Zone, coming Friday, July 21, the largest bank of the island, Maduro & Curiel’s Bank will close its branch located at Niewe Haven. The More...

CIBC FirstCaribbean sign with 11 union
By Edition On Monday, July 3rd, 2017
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CIBC FirstCaribbean and 11 regional labor unions sign second historic agreement

FirstPartnership Principles Agreement was first signed in 2005 and remains the only one in the financial services sector in the Caribbean. BRIDGETOWN -  Twelve years after signing the first historic document, CIBC More...

Central Bank
By Edition On Saturday, May 6th, 2017
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Cooperation needed

Today’s news that the Central Bank of Curaçao and St. Maarten (CBCS) amended the annual percentage rate (APR) is quite interesting. It regards all costs charged for credit. The move is intended to protect consumers More...

20170423 Downtown Belize City Stock-20
By Edition On Saturday, May 6th, 2017
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Caribbean Banks see rise in cyber attacks

Imagine doing a routine check on your bank account only to discover that an entire month's worth of credit had been swiped from your card. The nightmare became reality for one elderly Belizean couple, who fell victim More...

ECLAC
By Edition On Tuesday, May 2nd, 2017
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ECLAC report considers use of blockchain technology to combat de-risking

PORT OF SPAIN - A newly published report prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean has found that recent developments in the field More...

IMF
By Edition On Monday, April 24th, 2017
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IMF executive board discusses loss of correspondent banking relationships

WASHINGTON - On April 12, 2017, the executive board of the International Monetary Fund (IMF) discussed the staff report: “Recent Trends in Correspondent Banking Relationships – Further Considerations”. In More...

sxm-Richard-Gibson
By Edition On Thursday, January 12th, 2017
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Dutch still hesitant on aiding with de-risking

PHILLIPSBURG, WILLEMSTAD - The Dutch Government is still “not on board” with aiding the Dutch Caribbean islands, including St. Maarten with tackling the de-risking of commercial banks, said Finance Minister More...

MCB
By Edition On Thursday, December 29th, 2016
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Government wants another banker

WILLEMSTAD - The government of Prime Minister Hensley Koeiman wants the PSB Bank as its banker. Currently, the Maduro & Curiel’s Bank (MCB) is the government’s banker. The desire to start a new tender comes More...