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Choice Bank of Belize faces liquidity problems
- Thread starter Caporaso and Partners
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i sent documents on 3 june . no reply since then , i have heard few persons got paid but i did not .
any updates ?
any updates ?
i have sent in romanian a bank statement because i have no bills under my name,
- national id and driver license (original and notarized)
- i completed wire transfer form (from their site)
- a pic with my FCP card
Good luck guys . you should hurry . i have sent the documents more than 1 month ago . lets hope we will get a good % back
- national id and driver license (original and notarized)
- i completed wire transfer form (from their site)
- a pic with my FCP card
Good luck guys . you should hurry . i have sent the documents more than 1 month ago . lets hope we will get a good % back
They replaced the Choice Bank liquidator with a new one:
News Advisories Details
https://www.centralbank.org.bz/docs...f-new-liquidator-choice-bank-ltd.pdf?sfvrsn=2
News Advisories Details
https://www.centralbank.org.bz/docs...f-new-liquidator-choice-bank-ltd.pdf?sfvrsn=2
i don t know if any FCP user got paid but i m sure is bad that they changed the liquidator . the process will need more time now.
this is all i got from them and it was 2 weeks ago . GOOD LUCK TO EVERYBODY AND PLEASE LET US KNOW IF U GOT PAID .
this is all i got from them and it was 2 weeks ago . GOOD LUCK TO EVERYBODY AND PLEASE LET US KNOW IF U GOT PAID .
They recognized my deposit in full but refuse to respond to my emails whether they have tried to wire the money or not. Up until now no money received. How much do we trust Central Bank? Unless they pay us the 53%+ second installment, who in their right mind will ever invest in Belize again? It’s the death of their financial market in the long run. If you can’t trust their govt central bank, it says a lot about the country. When a similar situation happened in the Dominican Republic years ago the government paid out every cent owing to depositors - even though there︀ was no requirement to do so, because with long sight they recognized the confidence in︁ the countries financial system depended on protecting investors. Perhaps we should call for the resignation︂ of Joy Grant - the Governor of Central Bank and the Minister of Finance (and︃ prime Minister... which is often a bad idea) Dean Barrow.
They posted an update on their website:
http://www.choicebanklimitedinliquidation.com/en/wp-content/uploads/2019/08/NOTICE-TO-CLAIMANTS.pdf
NOTICE TO CLAIMANTS–Update of First Partial Payout
The Liquidator of Choice Bank Limited would like to remind claimants to ensure that all relevant information issubmitted along with your Wire Transfer Information Form to avoid delays in processing the first partial payment.If you have submitted your information and have not received an email advising that your information is incomplete, your wire transfer will be processed within a two-week period from the date of receiptof complete information.However, whilewe continue to work diligently toprocess payments as quickly as possible, there are several reasons why the ordering bank may not process︀ your wire transfer. One of the primary reasons is that the claimant is a resident︁ of sanctioned jurisdiction and/or the wire instructions are to a sanctioned jurisdiction.Despite these challenges, we︂ are aggressively seeking alternatives for sending funds as this remains our primary focus. We will︃ keep all claimants updated through emails andour website.
http://www.choicebanklimitedinliquidation.com/en/wp-content/uploads/2019/08/NOTICE-TO-CLAIMANTS.pdf
NOTICE TO CLAIMANTS–Update of First Partial Payout
The Liquidator of Choice Bank Limited would like to remind claimants to ensure that all relevant information issubmitted along with your Wire Transfer Information Form to avoid delays in processing the first partial payment.If you have submitted your information and have not received an email advising that your information is incomplete, your wire transfer will be processed within a two-week period from the date of receiptof complete information.However, whilewe continue to work diligently toprocess payments as quickly as possible, there are several reasons why the ordering bank may not process︀ your wire transfer. One of the primary reasons is that the claimant is a resident︁ of sanctioned jurisdiction and/or the wire instructions are to a sanctioned jurisdiction.Despite these challenges, we︂ are aggressively seeking alternatives for sending funds as this remains our primary focus. We will︃ keep all claimants updated through emails andour website.
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