Media Release

Reference is made to the Kaieteur News article dated January 6, 2016 and titled ‘SARU probes local Bank accused of money laundering’.

Republic Bank (Guyana) Limited rejects the assertion that it is engaged in money laundering activities. The Bank has a rich history of integrity spanning over 175 years and views any suggestion of this nature to be malicious, libelous and unfounded.

In particular, the Bank denies that any deposit of cash or cash equivalents was made to the referenced account by the named party on June 16, 2011 or any other date.

In light of the article which seeks to tarnish the Bank’s reputation and question its adherence to sound banking principles, Republic Bank (Guyana) Limited will take all necessary steps, including reviewing legal options to address these false allegations, to protect its reputation and the interests of all stakeholders.