Offshore banks under threat

Offshore banks under threat. Prime Minister Gaston Browne has warned that one or two offshore banks in Antigua and Barbuda may be liquidated due to difficulties maintaining correspondent banking relationships. Speaking on Pointe FM, Browne cited global regulatory pressures and de-risking policies by major international banks as key challenges. He assured that the government, alongside the Financial Services Regulatory Commission, is monitoring the situation to protect depositors and uphold compliance.

Browne stressed that this is a regional issue, not unique to Antigua, and reaffirmed that the country’s domestic banking sector remains strong, well-capitalised, and maintains stable correspondent partnerships.