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Financial Institution - Haiti Observer Blog

Financial Institution, Haiti Observer Blog. Read the following articles about Financial Institution


 

Jean Baden Dubois, New BRH Governor, Replacing Charles Castel

On December 17, 2015, by the virtue of a Presidential Order dated 23 November 2015, Jean Baden Dubois, the CEO of the Bank of the Republic of Haiti (BRH) has been appointed as the new Governor of the bank, replacing Charles Castel. As the new Governor of the bank, Jean Dubois has said, among other measures, his primary task would be to establish a base for the national currency and maintain a commendable internal and external value of the Haitian Gourde. To achieve this, he has stressed on the control of inflation through wealth creation and effective, innovative banking assistance services.

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Bill sanctioning Money Laundering and terrorist financing passed

Once the text sanctioning Money Laundering and terrorist financing is promulgated by the President Michel Martelly in the official gazette, all financial institutions, companies, economic enterprises, non-financial, social, professional, religious, humanitarian, international organizations, will be required to report all transactions in cash.

Do you remember all the commotions over this bill?

Some of our beloved Senators and Deputies were totally against it.

Several desks were broken by Deputy Arnel Belizaire to show his frustration over this bill.

The bottom line is that Haiti is no longer running the risk of trade sanction for not having a law on Money Laundering and terrorist financing. The law sanctioning money laundering and terrorist financing was on Monday, November 11, 2013 was passed in identical terms by the two branches of parliament. The vote was as follows: 9 voted in favor, 3 against, 3 abstained

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