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Joined: Jan 2014
Posts: 191
rules against money laundering are draconian? you dont know what is going on.

Joined: Oct 2017
Posts: 3
Actually I live between the US and Belize and have bank accounts in both countries. I understand only too well, what is going on. Like real life in the real world understanding not computer jockey understanding. The fact that the US banks decide it is easier to cut adrift the small, not very profitable, banking systems in the Carribbean than to clean up their own systems is what it is all about. The US government cannot make the banks reinstate the correspondence banking, as the US banks are "private companies" So these Privat companies can just stop the trade rather than clean up their own acts which they fear would cost them money, if/when they get caught not following the rules.
The fact now one often has to carry large amounts of cash internationally to pay large bills for builders and business transactions and then personally declare the amount at customs when entering these small countries, actually makes it far more difficult to keep track of cash movements than following a paper trail of bank transactions.
This still is off topic for a thread on additional airport security. Having nothing to do with remmitances.

Joined: Feb 2015
Posts: 371
REALLY SIMPLE... It is called "derisking". I have never worked for a bank or owned any stock in a bank BUT, if I did, I would beg "my" bank NOT to take the RISK. It is NOT a question of cleaning up their act; it is a question of their sticking their neck out and risking MILLIONS of dollars of fines for ZERO additional benefit. Zero fault to be assessed to the bank and 100% for our government trying to take over the world.

Last edited by Shyboy; 10/28/17 09:43 PM.

A little known fact... Women who are overweight tend to live longer than men who mention it...
Joined: Sep 2019
Posts: 25
Two hours has been the standard for years. This particular extra security measure imposed on us by the US seems entirely logical but I seem to always have a resentment when the US forces Belize to do something and especially when it's attached to an extortion type of threat. I hope old Uncle Sam hasn't any new rules for Belizeans that involve Latex Gloves.

Joined: Mar 2001
Posts: 11,062
you do realize, you commented on a 2-yr old post, yes?

_ _ _ _ _ _ _________________ _ _ _ _ _ _
But then what do I know, I am but a mere caveman
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