RBC completes sale of its Suriname banking operations
Royal Bank of Canada (RBC) has announced it has completed its sale of RBC Royal Bank (Suriname) to Republic Bank Limited. As this report&nbsp;noted four months ago, the Canadian bank's withdrawal from some Caribbean operations is partly due to the additional regulatory scrutiny of their money-laundering control with bank's believing these regions represent too much risk in this regard.
TORONTO, July 31, 2015 /PRNewswire/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that it has completed the previously announced sale of RBC Royal Bank (Suriname) N.V. to Republic Bank Limited.

About RBC

Royal Bank of Canada (RY on TSX and NYSE) is Canada's largest bank and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We employ approximately 78,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 39 other countries. For more information, please visit rbc.com.

SOURCE RBC