Terry Neal denies Exchange Bank and Trust was operated from Nevis

By David Marchant

24 years ago

Topics

Banks & Trusts Nauru St. Kitts & Nevis

Keywords

Nevis American Trust Co. Ltd. Terry Neal

Nevis-based offshore provider Terry Neal has denied that his firm Nevis American Trust Co. Ltd. operated Exchange and Bank Trust from the island, despite overwhelming evidence to the contrary.Nauru-registered EBT, which was not licensed in Nevis, is being investigated in the US and Canada for allegedly laundering the proceeds of securities fraud and has had US$16.9 million of assets frozen in Vancouver.

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