CDB warns public it has no link to 'Caribbean Legacy Programme'
The regional development bank urged people to verify the scheme independently before handing over personal details or money.
BRIDGETOWN, Barbados. The Caribbean Development Bank (CDB) has warned the public that it has "no involvement in, connection with, or responsibility for" a scheme calling itself the Caribbean Legacy Programme.
In a statement issued on Tuesday, the Barbados-based bank said it had taken note of a recent article about the programme published by a US-based newspaper serving the South Florida Caribbean-American community.
"The Bank has neither authorised nor endorsed the actions attributed to the Caribbean Legacy Programme and any suggestion of an official relationship with CDB in this context is inaccurate," the statement said.
Review under way
"For the avoidance of doubt, CDB has no involvement in, connection with, or responsibility for the activity described," the bank said, adding that its name had been used without its approval in this context.
The CDB said it "takes seriously any unauthorised use of its name, brand or institutional identity". The matter is being reviewed through the appropriate internal channels and the bank will take such steps as may be warranted, it added.
Check before paying
Citing "misleading references to the Bank", the CDB urged members of the public to be cautious and to verify the programme's legitimacy independently before signing up, giving personal or financial information or making any payments.
The bank said it remained committed to transparency, accountability and high standards of institutional integrity.
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