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Access Financial gives up cambio licence

Chief executive officer of Access Financial Services, Marcus James, said the company has surrendered its cambio licence and closed the operation because of the high security risks involved in running the enterprise.

On Friday, the Bank of Jamaica issued a notice via an advertisement that the licence had been surrendered on a voluntary basis, effective December 30, 2013.

Contacted on Friday, James told Sunday Business that Access had not been affected by the closure of cambio accounts at National Commercial Bank (NCB) and that the decision to surrender the licence was uni-laterally made.

Read more: http://jamaica-gleaner.com/gleaner/20140105/business/business1.html

Release Date: 
Sunday, January 5, 2014