Atlantic International Bank says it did nothing wrong. The Offshore Bank has been named in a civil compliant from the Federal Trade Commission in the United States. Last week, the FTC asked a Federal District Court to shut down a real estate scam called Sanctuary Belize.
The FTC says Atlantic International, assisted and facilitated in the Telemarketing Sales Rules violations (for Sanctuary Belize)…and that the offshore bank knew, or reasonably should have known, that its acts in furtherance of its unlawful coordination with Sanctuary Belize… substantially affect the United States."
Well, in a statement issued today, Atlantic International, says, quote, "The Board of Directors and Management of AIBL deny any allegation of wrongdoing by AIBL. AIBL enjoys a record as a good corporate citizen and trusted partner to its primarily non - resident customer base. AIBL has worked tirelessly to develop its reputation as a sound and responsible partner in Belize development….AIBL reserves all of its rights and will defend its customers and its interests as it did not engage in wrongdoing."
The release notes that AIBL has retained attorneys in Belize and the US.
The Atlantic Domestic Bank - which is separate and apart from Atlantic International- says it has absolutely no ownership links with Atlantic International since 2011.
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