International Financial Enterprise Bank, Inc. (“IFEB”) is a supervised, regulated financial institution licensed under Act 273 by the Office of the Commissioner of Financial Institutions of Puerto Rico (“OCIF”) with the authority to accept deposits, make loans and provide merchant services.
IFEB is required to comply with the U.S. Patriot Act, which includes the provisions associated with BSA, AML and KYC. While we are not FDIC insured, our regulators apply FDIC standards and we are required to comply with all US banking, regulatory and compliance related requirements. IFEB’s charter permits it to conduct business anywhere in the world, including all fifty states in the US.
Integrity, Transparency, Community,
Office of the Commissioner of Financial Institutions (OCIF):
IFEB is regulated by the Office of the Commissioner of Financial Institutions of Puerto Rico (“OCIF”). IFEB complies with all US banking regulations, unless specifically specified by OCIF. This regulatory adherence includes Bank Secrecy Act (KYC/AML), Fair Lending, Asset and Liability Management, and many others regulatory and compliance related items. You can find more detail about OCIF at http://www.ocif.gobierno.pr/ or you can contact OCIF directly at 787-723-3131.
Integrity, Transparency, Community, Social Responsibility
IFEB is a global financial institution with a local community heart. In addition to meeting our clients’ needs worldwide, we believe in giving back to the community of our roots. We have partnered with United Puerto Rico and to help insure our efforts and donations are meeting the community’s most pressing needs.