As the chief executive of the dominant bank in its home market, Josephine George doesn’t quite understand the grumbles of fellow bankers elsewhere about complying with banking’s know-your-customer protocols.
Though George insists her bank’s KYC observance is as rigorous or better than any best-practice operation anywhere, adherence is no big deal for her. She knows her customers well, perhaps too well.
This is because she runs the only bank in one of the least populated and most remote places in the world, a tiny island whose inhabitants rarely leave.
Bank of Saint Helena (BoSH) serves the 4,500 people who live on a 121-square kilometre sub-tropical speck that rises volcanically out of the mid South Atlantic Ocean.
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