Mentor Group Gold
The same way European EMIs sometimes call their services banking services, without actually being banks. In many places in the world, you can offer some bank-like services (such as accounts and cards) without being a bank. It doesn't make you a bank.Euro Pacific Intl. Bank Inc. is licensed and regulated by the Office of the Commissioner of Financial Institutions (OCIF) in Puerto Rico as an International Financial Entity (license # IFE-033). Terms and Conditions Banking Products offered by Euro Pacific Intl. Bank Inc. Account Agreement for...europacbank.com
So they are licensed by the OCIF as a Financial Entity offering "Banking Products", but they are not a Bank?
Where does it say EPB is listed as a bank?Here is the link to the OCIF document - https://ocif.pr.gov/Consumidores/Lista Concesionarios/Entidades Financieras Internacionales.pdf
** NOTE - EPB listed as a "bank" along with other banks...
Here are the lists of banks:
Commercial banks: https://ocif.pr.gov/Consumidores/Lista Concesionarios/Bancos Comerciales.pdf
International banks: https://ocif.pr.gov/Consumidores/Lista Concesionarios/Entidades Bancarias Internacionales.pdf
I can only find EPB listed in the EFI list you linked before. EFIs are not banks.