BEHIND THE HEADLINES: The Caribbean’s major financial crisis — NationNews Barbados — Local, Regional and International News nationnews.com

The situation in the Carribean with respect to having correspondent banks in the US to work with Carribean MTOs is going from bad to worse.

Hardly any MSB Friendly Banks are willing to take business from the Carribean, forcing a lot many MTOs to piggy back on the services of other providers, other currencies or exit the market altogether.

This is a great article (short read) that explains what is going on in the West Indies.

 

Source: BEHIND THE HEADLINES: The Caribbean’s major financial crisis — NationNews Barbados — Local, Regional and International News nationnews.com