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Euro Pacific bank is a scam

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sonato

Offshore Agent
Mentor Group Gold
I have been a customer of this bank for the last 8 years and I have never had problems with them before a little over 4 months ago where they suddenly closed / blocked my account. I have about $ 45,000 left in the bank and they say they will not release the money unless I send proof of all the money to them. I have tried to explain that all the money comes from crypto trading and therefore I do not have any documents on the transactions. I have asked them to send the money to my local bank, they have simply not responded! Stay away from that bank.
 

exprtadvisrdev

Silver Member
I think it's not... I mean, they are by far a bad bank but not a scam.

If is crypto trading you could try sending them the transactions with the exchanges and the trading you did (the beauty/horror of cryptos is that everything is traceable). Maybe that could help you.
 

CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
If I remember right, you are not allowed to deposit funds or income from crypto currencies to EPB according to terms and conditions.
At least before they moved to Puerto Rico, it was not allowed.


That's correct you are not allowed to deposit and use the funds on account to buy/sell Crypto. I told my client not to put his funds there because it was all from Crypto appreciation. He didn't listen he has 1.5M stuck and they have every right to hold it and can confiscate it under their T&C's.

Would not even put a used tissue there.
 
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tacokai

Mentor Group Gold
If you breaked their rules it can't bea scam but you can be a fool! Anyway, they should release your money ASAP and transfer it to an account in your name.
 

Chopper94

There’s no nobility in poverty.
No one has lost any money with them so far? What makes them 3 times BAD mind to share?
They randomly declined transfers in my case but never stole any money. They work but there are probably better alternatives
 

Martin Everson

Offshore Retiree
Mentor Group Gold
Elite Member
Well breaking their terms and conditions does not help but at same time using EPB in general just makes problem worse. They will use your frozen $45,000 to pay staff...lol. You should be able to send them some proof of the transactions otherwise you should never have transferred money without this. I expect they will file a suspicious transaction report in meantime.
 

lrotter

Active Member
Like really, I love EPB - it’s the legend of offshore industry... governments change, crypto comes and goes, pandemic is taking over the planet... but there still gonna be a battle if EPB is a scam or not :p
 

nobel

New member
I am an EPB customer. But I find it strange that EPB calls me at 10 a.m. (CET) where it is 4 a.m. in Puerto Rico and the bank it´s closed. Can you tell me where the consultants actually sit? It's suspect. ns3
 
I am an EPB customer. But I find it strange that EPB calls me at 10 a.m. (CET) where it is 4 a.m. in Puerto Rico and the bank it´s closed. Can you tell me where the consultants actually sit? It's suspect. ns3
I received a ticket on Tuesday asking to fill out a form to update my registration.
In the message they said that they tried to contact me twice without success, and that I should complete the form by the 30th of this month. But I have not received any contact.
I think that in the recent money laundering scandals with big banks, they will review all accounts.

Form: https://files.europacbank.com/docs/operating_agreement_update_corporate.pdf
 

Martin Everson

Offshore Retiree
Mentor Group Gold
Elite Member
I received a ticket on Tuesday asking to fill out a form to update my registration.

The end is near with that questionnaire.i.e

"What is your reason for domiciling your company internationally, as opposed to in your home country?"

Are people going to be honest and say its to avoid tax and CRS rof/%.

Can you tell me where the consultants actually sit?

Israel, Vietnam, Italy, Panama etc.
 

nobel

New member
The end is near with that questionnaire.i.e

"What is your reason for domiciling your company internationally, as opposed to in your home country?"

Are people going to be honest and say its to avoid tax and CRS rof/%.



Israel, Vietnam, Italy, Panama etc.
It´s true, the time he call me is strange, because the time in Puerto Rico was 4 a.m. Does the bank even exist? nai¤%
 

Martin Everson

Offshore Retiree
Mentor Group Gold
Elite Member
It´s true, the time he call me is strange, because the time in Puerto Rico was 4 a.m. Does the bank even exist? nai¤%

It exists in shell form but it's not a transparent bank in that ppl know nothing about what happens with their money or if its even there....lol. I have seen it all before how banks especially offshore banks without published audited financials can have missing funds i.e Standford International bank etc. Euro Pacific Bank could also just be sending screenshots to auditors like Wirecard bank....lol....wait where is Euro Pacific Banks audit report anyway? ca#"!

I think that in the recent money laundering scandals with big banks, they will review all accounts.

Form: https://files.europacbank.com/docs/operating_agreement_update_corporate.pdf

I am surprised they are not asking clients if they are compliant with tax and reporting of accounts in their home countries or place of operation. Or for clients to provide some proof they are tax compliant in countries they operate in. That tells you they are a tax avoidance bank and that tax avoidance is Euro Pacific Banks CORE business.
 

Marie Manila

Active Member
The agents are located all over the world.
Have a look at their job offers: Careers - Euro Pacific Bank
The offer jobs "Worldwide".
So you can stay in your home country and work for a bank in Puerto Rico.

My agent was located in Netherlands, when I talked to him the first time. I asked him, where he is at the moment. ;)
 
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