Notice on revocation of loyal bank license!

 BRITISH VIRGIN ISLANDS THE UPCOMING AMENDMENTS TO REGULATION IN BRITISH VIRGIN ISLANDS On August 9, 2018 Financial Service Authority of St. Vincent and the Grenadines has published an official notice to Loyal Bank Limited, effective 7th August 2018 pursuant to section 21 (2) (a) of the International Banks Act. Winding up proceedings have commenced against Loyal Bank Limited and the Financial Services Authority will provide further updates which will include the details of the Liquidator to whom all claims against the bank are to be made.