NCB Merchant Bank (Trinidad and Tobago) Limited (NCBMBTT) has confirmed that the cash shipment referenced in recent media reports is the property of the Bank and relates to a transaction conducted in the ordinary course of business with another regulated financial institution.

In a media release on Friday, the bank stated that the transaction “was initiated and executed in accordance with the Bank’s established operational procedures and all applicable legal, regulatory and security requirements.”

According to the bank, “the cash forms part of a legitimate inter-institutional transaction and was intended to transit within the NCB Group pursuant to established business arrangements.”