AndCapital Bank International, Corp. (ACBIC) was incorporated under the laws of the Commonwealth of Puerto Rico on May 5, 2011. ACBIC was organized as an International Banking Entity (IBE), pursuant to the provisions of the International Banking Center Act No. 52 of the Commonwealth of Puerto Rico, on August 29, 2012 under the License # EBI-66 . ACBIC main office is in Puerto Rico and is authorized to provide specialized banking products and services to customers domiciled outside of Puerto Rico. ACBIC principal products consist of interest and non-interest-bearing deposit accounts, time deposits and correspondent banking services.
ACBIC is subjected to the regulation, supervision and examination of the Office of the Commissioner of Financial Institutions of Puerto Rico (the Commissioner or OCFI) including minimum capital requirements, GAAP accounting standards, the Money Laundering Control Act (Bank Secrecy Act), the Financial Recordkeeping and Currency and Foreign Transaction Reporting Act, USA Patriot Act, OFAC regulations in particular, OFAC “Economic Sanctions Enforcement Guidelines”.
ACBIC highly qualified and experienced team in international banking provides a personalized service to individual and corporate clients, contributing to achieve their financial objectives