Safe and Sound
International Financial Enterprise Bank (“IFEB”), as of June 20, 2018, is a chartered financial enterprise entity (“IFE”) incorporated under the laws of the Commonwealth of Puerto Rico.
“An International Financial Entity licensed in Puerto Rico under Act 273 is one of the most powerful international banking and financial services structures available.“
International Financial Entities Licenses in Puerto Rico, April 2017 By: Christian Reeves
“International Financial Entities (IFEs) are licensed and regulated by the Office of the Commissioner of Financial Institutions pursuant to Act No. 273 of September 25, 2012, as amended (the IFE Act) and Regulation No. 5653. The IFE Act prospectively replaces the International Banking Entities (IBEs) under the former International Banking Regulatory Act, Act No. 52 of 1989, and offers tax incentives to IFEs that set up operations in Puerto Rico, subject to the licensing requirement and regulatory powers of the Commissioner.”
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.
Cyber-crime is one of the largest challenges in the new digital world. IFEB understands this risk; and as a result, has partnered with industry leading cyber security firms to ensure your personal information is safe at all times. This includes, but is not limited to Network, Data, System, and Email security; special software and 24/7/365 monitoring to protect against software viruses, malware, phishing, and intrusion.
Another example of our commitment to security is our “.bank” domain. The “.bank” domain name is only available to banks. When you see a web or email address ending in IFEB.BANK you can feel confident you are communicating and transacting with IFEB, and not a phisher or a spoofed site. This is your visual cue and stamp of trust that IFEB is dedicated to protecting you.