Maybe ending the blowing up of journalists reporting on government corruption will help them......im just saying 
. Even some tiny caribbean islands have USD correspondance bank relationships but the biggest bank in Malta an EU country is struggling to find one. Worse case they can always use Euro Pacific Bank 
. However I am sure they must have one by now hopefully.
----quote start
28 October 2019, 10:02am
by Massimo Costa
BOV’s last remaining US dollar correspondent bank, ING, due to terminate services in December, but bank says work to make alternative arrangements has progressed
Bank of Valletta has said that its efforts to find alternative US dollar clearing arrangements have progressed, despite the inherent difficulties caused by Malta’s small size.
BOV said it had evaluated “a number of options” and the work to establish new alternative correspondent arrangements was “progressing well.”
In an interim directors' statement on Monday, BOV said this was being achieved “despite the challenges that smaller jurisdictions, like Malta, face since they lack the critical mass which would attract the larger players.”
The bank said it would become a direct SEPA participant on 19 November 2019.
In June, ING - BOV’s last USD correspondent bank - said it would be terminating its services to the Maltese bank on December 14.
ING’s decision came after the Dutch bank embarked on a de-risking strategy since being fined €775 million last September, following its
admission that criminals laundered money through its accounts.
At the time, BOV said it had intensified its efforts to engage alternative correspondents to “minimise any possible operational disruption to its business and its clients”.
Deutsche Bank had terminated its USD correspondent banking relationship with BOV over two years ago.
Q3 July to September financial performance in line with expectations
BOV said its financial performance for the third quarter of the current financial year was broadly in line with expectations.
----end quote
Credit:
BOV's efforts to make new USD correspondent banking arrangements ‘progressing well’
. Even some tiny caribbean islands have USD correspondance bank relationships but the biggest bank in Malta an EU country is struggling to find one. Worse case they can always use Euro Pacific Bank . However I am sure they must have one by now hopefully.----quote start
28 October 2019, 10:02am
by Massimo Costa
BOV’s last remaining US dollar correspondent bank, ING, due to terminate services in December, but bank says work to make alternative arrangements has progressed
Bank of Valletta has said that its efforts to find alternative US dollar clearing arrangements have progressed, despite the inherent difficulties caused by Malta’s small size.
BOV said it had evaluated “a number of options” and the work to establish new alternative correspondent arrangements was “progressing well.”
In an interim directors' statement on Monday, BOV said this was being achieved “despite the challenges that smaller jurisdictions, like Malta, face since they lack the critical mass which would attract the larger players.”
The bank said it would become a direct SEPA participant on 19 November 2019.
In June, ING - BOV’s last USD correspondent bank - said it would be terminating its services to the Maltese bank on December 14.
ING’s decision came after the Dutch bank embarked on a de-risking strategy since being fined €775 million last September, following its
admission that criminals laundered money through its accounts.
At the time, BOV said it had intensified its efforts to engage alternative correspondents to “minimise any possible operational disruption to its business and its clients”.
Deutsche Bank had terminated its USD correspondent banking relationship with BOV over two years ago.
Q3 July to September financial performance in line with expectations
BOV said its financial performance for the third quarter of the current financial year was broadly in line with expectations.
----end quote
Credit:
BOV's efforts to make new USD correspondent banking arrangements ‘progressing well’
. Now here is BOV in Malta an EU country having to nest USD wires via an Austrian bank which will then go via a New York bank to get access to USD...lol.
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