Published: May 5, 2023
Following up on our most recent post from April 20, we would like to provide an update on the status of the liquidation and migration process.
As mentioned in our last update, EPB’s correspondent bank has been ordered to unfreeze the queued wires. This was the primary item preventing the process and the lifting of this order represents a major step forward. We expected that EPB’s correspondent bank would be able to move the funds soon after the lifting of the freeze order, and for the liquidation process to begin before the end of April. Unfortunately, however, the execution of this process by our partners has not been as quickly as we expected.
Please rest assured we are working diligently with EPB’s receiver to find a solution, and as soon as a firm date can be set for the commencement of the liquidation, we will follow up regarding next steps.
For those of you who will be migrating to Qenta, an easy migration process has been prepared for you which will begin around the same time as the liquidation. You will receive further updates on this and other exciting product offerings very soon!
As always, should you have any comments or questions, please feel free to reach out to our Client Services team at [email protected] and we will be very happy to provide all needed assistance.
We would like to thank you deeply for your patience and understanding throughout this process.
Euro Pacific Bank.