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Caribbean regulator accused of 'fleecing' foreign depositors

December 28, 2016 by David Marchant

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Foreign depositors of the insolvent National Bank of Anguilla group were 'fleeced' out of millions of dollars by its regulator - the Eastern Caribbean Central Bank - to benefit local depositors, including those at a newly-formed bank owned by Anguilla's government, an insolvency practitioner has claimed.

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