BONI in Nevis having regulator problem ?

[Weary]

Dear everyone,

Does anyone here have a bank account at BONI (Bank of Nevis International Limited) ?

A partner of mine has a bank account there in Nevis, and the outgoing transactions are not possible since October 2021. The bank says they have a correspondent bank problem, but having contacted the company service provider on this matter, they answered it is a general problem with the Regulators.

Does anyone know anything about that ?

Pal, have you received your money?

 

[clemens]

He has not been around since 2022 I doubt he will chime in and leave a comment here. if he has received his money. People tend to only post if something is bad or wrong not once it is solved!

 

[Weary]

I opened an account in January 2022 on the direction of my Asset Protection attorney based on his 15 year relationship with the bank. In February I attempted to wire funds back to the USA on the purchase of property. BONI told me they had a temporary problem with wiring money to the USA, but should have it resolved in a few weeks. It is now late October of 2022 and I still have not been able to have access to my money. They gave me a list of countries they said they could wire to. The Swiss were on the list. I set up an account there. They told me they would have to send the money in Euros. I said that would be fine. Since June of 2022 I have filled out the paperwork for the wire 5 times to Boni's satisfaction. Still nothing. All I have been told is they have "technical issues." They won't tell me what they technical issues are. There is a company called Thunes in Singapore that will handle the wire for them. Thunes tells me they don't have a technical issue and the bank should contact them and they will assist. Boni has not done so. Last week I was emailed by a man saying he is the Chairman of the Board of Boni. His name is Tope Elusogbon. As it turns out he is an attorney in Nigeria. The Regulators of Nevis are no help. Twice we have contacted the Premier of the country and he offered no assistance. Now I find out they lost the ability to wire outward money in October of 2021. The pursued me opening an account after that date fully well knowing I would not be able to get my funds back out. Frankly, at this point I believe BONI has committed wire fraud, and has done this to other people. I believe this is an ongoing criminal enterprise. Does anyone have any suggestions?

did you get your money?

 

[EliasIT]

I'm pretty sure that if he hadn't received his money, he'd still be complaining non-stop here. But since we haven't heard anything more, it seems like he's just one of those people who likes to make a fuss when things don't go as quickly as they'd like.

Try Googling negative reviews for the same service; if you don't find any, then you can probably assume I'm right.

 

[Marios]

= Post copied from another thread =

Well, I have just recalled something...
Read this BONI in Nevis having regulator problem ?

BTW, @Marios, as of Bank Account for Saint Kitts and Nevis IBC, you apparently / probably possess some information re: BONI.
Would you mind to elaborate more on that? Either here or in this thread BONI in Nevis having regulator problem ?

As far as I’m aware, there aren’t any current regulatory issues with BONI. Over the past six years, I’ve introduced several clients to the bank. There was a period when the bank experienced some correspondent banking issues, but from what I understand, those have been resolved.

The last client I introduced was in March, and I haven’t received any complaints from them about any issues. That said, there may be issues that I’m not aware of, and thus I would encourage every client to conduct their own due diligence before proceeding.