Westpac's ties to Puerto Rico bank Euro Pacific spark calls for financial crime reform
Correspondent bank relationships enable Australians to send money overseas. But are major banks, like Westpac, doing everything they can to stop criminal activity?
www.theage.com.au
Article says Peter Schiff only owns 45% of the bank . Who owns the other 55%? Just shows why I said EPB needs to publish there financial reports. Something is not right at all with this bank
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"Mr Schiff has said he has no involvement in the operations of the bank of which he owns a 45 per cent share."
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How can you have Mark Anderson as CEO of Euro Pacific Bank?
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"Euro Pacific's president, Mark Anderson, filed for personal bankruptcy in 1995 and has a history of misconduct. He was forced to pay US$96,000 ($133,100) by the US corporate regulator in 2003 after overcharging clients in what prosecutors described as a wilful disregard for corporate laws."
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This is a comedy sketch not a bank.