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Seychelles Central Bank takes control of beleaguered BMIO bank
Scarcely three weeks after the announcement that relations between the Bank of Muscat International Offshore (BMIO) and its correspondent bank had broken down, The Central Bank of Seychelles (CBS) has announced that it has "taken control of BMIO effective today November 11, 2014". According to a press statement issued by…
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Click here to read the full story: Seychelles News Agency