Euro Pacific Bank

Politically Exposed Person (PEP) Definition

It is the policy of Euro Pacific Bank to identify individuals that may be politically exposed also known as “PEP’s”. A politically exposed person is an individual who is or has been entrusted with a prominent public function in a domestic or foreign government.

An individual is considered as an immediate family member, or close associate and yourself. This also includes but is not limited to your spouse, mother or father, child, brother or sister and half-brother or half-sister, mother or father of spouse, or Financial Advisor.

If you, any immediate family member, or close associate are currently or have formerly been any of the following, whether exact or similar in title, position or function, you may be classified as a Politically Exposed Person.

A person can be regarded as a PEP if they fall into any of the following categories:

  • Legislative Body – Members of parliament (or similar legislative bodies), members of the governing bodies of political parties
  • Executive Body – Heads of state, heads of government, ministers, deputy ministers, and assistant ministers
  • Central Financial Auditors – Members of courts of auditors or of the boards of central banks
  • Judicial Body – Members of supreme courts, constitutional courts, or other high-level judiciaries
  • Armed Forces – High-ranking officers
  • Diplomatic Body – Ambassadors, chargés d’affaires International Organisations Directors, deputy directors, and members of the board (or equivalent function) of an international organisation
  • State-Owned Enterprises – Members of the administrative, management, or supervisory bodies
  • Known Close Associates of PEPs – Close business relations or joint beneficial owners of legal entities or legal arrangements, sole beneficial owners of legal entities, which are set up for benefit de facto of the PEP
  • Immediate Family Members of PEPs – Parents and children, siblings, spouses/partners, in-laws, uncles and aunts

Please be aware that this list may not be exhaustive, as individual circumstances differ, each case will be assessed independently.

Euro Pacific Bank is no longer licensed to do business. As such, we are not accepting new customer accounts.

This website is being maintained by Peter Schiff personally as a memorial to the bank and to update customers on the status of their deposits that have been tied up in receivership since June 30, 2022, and on his personal efforts to recover those customer deposits—including gold and mutual funds—that were transferred to Qenta’s custody and which Qenta is now attempting to keep for itself rather than return to their lawful owners.

The legacy pages and links on this site are preserved solely for historical and educational purposes, to demonstrate how the bank operated while it was in business. They do not represent current offerings.

If you are interested in having an investment account managed by Peter Schiff and his team, please visit
http://www.europac.com.

If you are interested in buying gold, silver, or other precious metals, please visit
http://www.schiffgold.com

For official updates and notifications from Euro Pacific Bank’s OCIF-appointed Receiver, who holds exclusive authority to communicate with customers on behalf of the Bank, visit:
https://epbprliquidation.com

LAST UPDATED: SEPTEMBER 5, 2025

September 5, 2025: Clarification on Receiver’s Misrepresentations

September 5, 2025: Update on Qenta Email and Legal Action

August 26, 2025: Rebuttal to the Receiver’s Denial of Responsibility for Assets Held by Qenta

August 20, 2025: Update on Your Silver Held at Euro Pacific Bank

August 18, 2025: Euro Pacific Bank WARNING from Peter Schiff

August 14, 2025: Euro Pacific Bank Update from Peter Schiff - ACTION REQUIRED!

August 6, 2025: Euro Pacific Bank Update from Peter Schiff

August 5, 2025: Euro Pacific Bank Update from Peter Schiff

August 2, 2025: Euro Pacific Bank Update from Peter Schiff

July 30, 2025: Euro Pacific Bank Update from Peter Schiff

July 12, 2025: Qenta Status Update.

October 31, 2024: Receiver's Report.

October 16, 2024: Receiver's Notice.

October 04, 2024: Migration Update.

April 16, 2024: Receiver's Reports.

April 13, 2024: Migration & Liquidation update.

March 11, 2024: Receiver's Reports.

March 03, 2024: Migration & Liquidation update.

February 19, 2024: Migration & Liquidation update.

February 02, 2024: Migration & Liquidation update.

November 21, 2023: Migration Update (Opt-in Only).

November 20, 2023: Progress Report (Opt-out Only).

September 22, 2023: Report & Communication Portal.

September 01, 2023: Migration & Liquidation update.

July 20, 2023: Migration & Liquidation update.

June 23, 2023: Migration & Liquidation update.

June 17, 2023: Receiver's report.

May 31, 2023: Migration & Liquidation update.

May 05, 2023: Migration & Liquidation update.

April 20, 2023: Liquidation update- Action required.

March 31, 2023: Migration & Liquidation update.

March 8, 2023: Migration & Liquidation update.

January 27, 2023: Correspondent bank update.

December 16, 2022: Comprehensive FAQ is published.

December 05, 2022: Migration & liquidation update.

November 01, 2022: Mutual funds & outgoing wire requests update.

October 21, 2022: Update on Opt-out deadline - Extended.

October 14, 2022: Customer Update & Townhall.

October 8, 2022: Update on opt-out deadline for EPB clients who do not wish to migrate their account to Qenta Inc.

September 30, 2022: Update on bank liquidation, pending transactions, and migration of assets to Qenta Inc.

September 28, 2022: Update on pending transactions for clients opting out of Qenta Inc. migration.

September 16, 2022: Update on pending transactions for clients opting out of Qenta Inc. migration.

September 8, 2022: Qenta has emailed a welcome letter to all EPB clients. You can read a copy of it here.

September 2, 2022: Update on pending transactions, brokerage, and account migration.

August 29, 2022: Euro Pacific Bank liquidation has commenced. Please read our formal instructions here as it is time-sensitive.