Sent: Tuesday, March 06, 2001 6:03 PM Subject: Fwd: Bahamas suspends the banking license of Suisse Security Bank & Trust March 5, 2001 > Forwarded Message: > > > > Subject: Bahamas suspends the banking license of Suisse Security Bank & Trust > March 5, 2001 > > Date: Tue, 6 Mar 2001 13:52:27 -0500 > > ----- > > OffshoreAlert Free News - <a > href="http://www.offshorebusiness.com">http://www.offshorebusiness.com</a>> > > The Central Bank of the Bahamas confirmed to OffshoreAlert today that it > > suspended the banking license of Suisse Security Bank & Trust yesterday > > (March 5, 2001), with a view to revoking it. > > > > A legal spokesman for the Central Bank said that the suspension lasts > > for > > up to 90 days but that the license can be revoked at any time from March > > 12, once a seven-day period for objections has lapsed. > > > > A hearing is due to take place at the Bahamas Supreme Court on Thursday > > (March 8, 2001) at which SSBT will object to the suspension and seek to > > have it overturned. A previous court hearing about the matter took place > > last Friday. > > > > In other news, we have been told that the Grenada International > > Financial > > Services Authority has revoked the licenses of 19 of its offshore banks. > > > > We have been told that the following Grenada-registered offshore banks > > have had their licenses revoked by the Grenada International Financial > > Services Authority: > > > > Electra Finance Bank Ltd., Sattva Investment Bank Ltd., Network > > International Bank Ltd., Trafalgar Atlantic Bank Ltd., 21st Century > > Banking Corp Ltd., New London Investment Bank Ltd., Bank of Atlantic > > Ltd., > > Carib Bank International Ltd., Dominion Bank Corp., First Mercantile > > Bank > > Ltd., Pacific Crown Bank Ltd., Worldwide Bank Ltd., Southwind > > International Bank Ltd., Union Caribbean Bank Ltd., Commercial Bank & > > Trust International, Euro Credit Bank & Trust Ltd., First International > > Bank of Grenada Ltd., Commercial Bank & Trust International and Euro > > Credit Bank & Trust Ltd. > > > > This message has been brought to you by: > > > > Offshore Business News & Research ---------------------------------------------------------------- This is the Neither public email list, open for the public and general discussion. To unsubscribe click here Mailto:[EMAIL PROTECTED]?Subject=unsubscribe To subscribe click here Mailto:[EMAIL PROTECTED]?Subject=subscribe For information on [EMAIL PROTECTED] http://www.neither.org/lists/public-list.htm For archives http://www.mail-archive.com/public-list@neither.org
