CIBC First Caribbean has officially ceased Belize . As we reported back in August , the bank announced it was selling its assets to Heritage Bank and pulling out of Belize . Canadian banks continue to withdraw from Caribbean markets due to concerns over their ability to adapt regulatory policies to the standard demanded by regulators .
CIBC First Caribbean has officially exited Belize. As we reported back in August, the bank said it was selling its assets to Heritage Bank and pulling out of Belize. Canadian banks continue to withdraw from Caribbean markets due to concerns over their ability to maintain AML policies to the standard demanded by regulators.