Heritage Bank to also lose corresponding ties with Bank of America
Heritage Bank International, like Atlantic International Bank before it, has received word that their corresponding ties with Bank of America (BOA) is also being terminated as part of the bank's "de-risking" process. Heritage International is just the latest financial institution in Belize to face such consequences as a result of international financial institutions cutting ties with perceived high-risk jurisdictions. Interestingly though, several weeks ago after Atlantic International had its ties cut, Central Bank Governor Glen Ysaguirre denied reports that Heritage or any other institution would be facing the same outcome.