CIBC FirstCaribbean has made it clear that information on its clients will only be handled by employees in the CIBC Group.
In response to a number of questions posed yesterday by the SUNDAY SUN, one of which related to the bank’s client information being processed by “third party processors”, the bank said “all customer information will be processed by employees within the group”.
In the response Mark St Hill, managing director for retail, wealth, business and international banking, said the institution had “zero tolerance for any wilful misconduct or negligence in handling customer information – and this will continue”.
The Barbados-headquartered regional bank, which is owned by CIBC in Canada, has faced heavy criticism, including from Minister of Finance Chris Sinckler who said he would seek a review of the proposed new measures by the regulatory authorities, including the Central Bank of Barbados and the Fair Trading Commission.
Please read the full story in today’s Sunday Sun, or in the eNATION edition.
