Bank of America suspending international wire transfers to and from banks in Belize

Posted on August 13, 2015 • Filed under: Belize, Business, Economy

cuencahighlife.com reported Bank of America announced on July 28 that it was suspending international wire transfers to and from banks in Belize.

Bank of America said it is exploring other options for transferring funds to Belize but didn’t provide details. The reasons for the suspension of service, the bank said, was to comply with the regulations imposed on Caribbean and Central American regions by large U.S. and European banks, under pressure from the U.S. government. This process has ended Bank of American’s association with a number of banking institutions. Read Article

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