As a result of several criminal investigations in relation to alleged VAT fraud involving a large number of customers, and subsequent attachments on funds FCIB has come into a position in which it no longer is able to process payments, also because a number of correspondent banks have terminated their relationships with FCIB. The First CuraÃ§ao Bank was closed down by the Dutch in 2006 and is suspected by Dutch and British authorities of having run banking services which allowed criminals to siphon billions of dollars out of European treasuries via carousel fraud. Read the Guardian article.
Central Bank Oversight
The emergency measure includes that the powers of management and supervisory directors of FCIB now exclusively rest with the Bank van de Nederlandse Antillen. The Bank van de Nederlandse Antillen will do its utmost to as soon as possible return the funds to the creditors, after a thorough investigation has been completed.
Bank License of First Curacao
On October 9, 2006, the Central Bank of the Netherlands Antilles, further in this article referred to as the Bank, revoked the license of First CuraÃ§ao International Bank NV established in the Netherlands Antilles to operate as a credit institution. Subsequently, the Bank requested the Court of First Instance in the interest of the FCIBâ€™s accountholders to subject FCIB to the emergency measure. The Court honored the request and pronounced the emergency measure on the same day. The measure has authorized the Bank, to the exclusion of any other party, to perform all the powers of FCIBâ€™s managing and supervisory directors and to subsequently unwind FCIB as a banking institution.
Code Wire Transfer
In view of a court ruling in CuraÃ§ao of February 16, 2007, First CuraÃ§ao International Bank has prepared a procedure for closing accounts and making payments of account balances. All clients need to fully satisfy requirements.
Contact First Curacao Bank
Note that no telephone calls will be accepted either at the Central Bank or at the offices of First Curacao International Bank N.V. In order to receive any information on the status of your transfer or for any other information related to your account, you should send an e-mail to firstname.lastname@example.org.
Your inquiry will be investigated by the appropriate staff and replied to by e-mail within two business days.
Kaya W.F.G. (JOMBI) Mensing 18, Zeelandia
CuraÃ§ao, Netherlands Antilles
Permanent has acquired the entire shareholding interest of First Curacao International Bank N.V.