Euro Pacific Bank

Press Statement – Claims Made by Australian Daily Newspaper

Published: October 18, 2020

Euro Pacific Bank has received some negative mention in news stories over the weekend. The stories claim that a relatively few citizens in one country have used their accounts at the Bank to evade taxes and that the Bank’s compliance programs have failed to catch and reject them as clients. Nothing could be further from the truth, as described in our new press statement.

While by law and regulation we are not permitted to discuss specific banking clients with the press and public, such accounts are regularly rejected or closed because our compliance programs and employees are first rate.

We are proud of our successes and our compliance department has grown dramatically over the last 4 years. For instance, our new compliance units ensure that we have robust tools to enhance our first line of defense in the business development, onboarding, and customer services departments.

Despite this recent negative press, the Bank remains fully compliant with all regulations and is very secure in the international banking and business communities. We are also pleased to say that despite the Covid 19 pandemic, which has badly hurt so many individuals and businesses and caused worldwide job insecurity, we remain successful, our accounts are secure, our clients are supportive, and the Bank’s staff remains fully employed and engaged with our clients.

No one likes to be the subject of negative stories but with your continued support, and with the excellent work of our compliance staff and programs, we will continue to ably serve our international clients with their personal and business banking needs.

LAST UPDATED: MARCH 11, 2024

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

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

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

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

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

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

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

October 14, 2022: Customer Update & Townhall.

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

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

December 05, 2022: Migration & liquidation update.

December 16, 2022: Comprehensive FAQ is published.

January 27, 2023: Correspondent bank update.

March 8, 2023: Migration & liquidation update.

March 31, 2023: Migration & liquidation update.

April 20, 2023: Liquidation update- Action required.

May 05, 2023: Migration & Liquidation update.

May 31, 2023: Migration & Liquidation update.

June 17, 2023: Receiver's report.

June 23, 2023: Migration & Liquidation update.

July 20, 2023: Migration & Liquidation update.

September 01, 2023: Migration & Liquidation update.

September 22, 2023: Report & Communication Portal.

September 22, 2023: Report & Communication Portal.

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

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

February 02, 2024: Migration & Liquidation update.

February 19, 2024: Migration & Liquidation update.

March 03, 2024: Migration & Liquidation update.

March 11, 2024: Receiver's Reports.