……and what you can do about it. Corruption still exists, ´´big time´´ in Colombia but to be entirely fair to this country, corruption is truly rampant in other parts of the world. The amount of well intended First World money that has siphoned into hidden bank accounts of African leaders probably dwarfs anything that the Latin Americans might have made off with. Not only that the Fir... »
Managing Money Due to the years of clever techniques used in laundering money, transferring money to Colombia has numerous controls. Foreigners often find these processes frustrating but if you understand the proper procedure to manage this, it does not have to be as complicated as it might appear at first glance. An individual can bring up to $10,000 US in cash into Colombia. From a secur... »
Banking in Colombia can be an adventure in frustration for a foreigner. The regulations are strict here because money laundering has been an extremely serious problem for this country. Some of the largest banks in Colombia are Bancolombia, Banco de Bogota, Davivienda and Banco de Occidente. The Canadian bank, Scotiabank has expanded its presence in Latin America with the purchase of Multibank Col... »
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