COB offers slot machine operators way out

Article by ALEX DOWNES

CREDIT UNIONS HAVE become the port of call for thousands of Barbadians. And now it seems that slot machine operators may just have to follow the lead.

A day after Attorney General Adriel Brathwaite revealed that slot machine operators were having difficulty in depositing their money in banks over money laundering fears, chief executive officer of the City of Bridgetown Cooperative Credit Union (COB), Steve Belle, has opened a door for the business owners.

“We are aware of issues that are confronting the financial services sector in relation to the matter that is being raised and we at the COB are willing to open up our operations to those entities . . . to actually having a place to place their funds,” he said in a phone interview yesterday.

“Matter of fact, we have actually had one or two slot machine operators who have actually come into our operations in recent times and we’ve actually taken them through our processes to make sure any deposits they make with us, we are comfortable with.” (AD)

Please read the full story in today’s Midweek Nation, or in the eNATION edition.