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Puerto Rico Financial Regulator Issues Cease & Desist Order Against Euro Pacific Bank

A receiver was appointed to oversee the International Financial Entity founded by renowned broker and economist Peter D. Schiff

June 30, 2022 - 3:22 PM

Archival note
This content was published more than 2 years ago.
Euro Pacific International Bank offices in San Juan, Puerto Rico. (Alejandro Granadillo)

The Office of the Commissioner of Financial Institutions (OCIF, by its Spanish acronym) has issued a cease & desist order against Euro Pacific International Bank (EPB) for alleged violations to the Puerto Rico’s Financial Regional Center Act and as a cautionary measure have appointed a receiver to oversee the International Financial Entity (IFE), El Nuevo Día has learned.

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