Licenses and Regulations

1. Licenced for global business

TabEdge Bank is licensed and regulated by the Office of the Commissioner of Financial Institutions (OCIF) in Puerto Rico, USA as an International Financial Entity pursuant to Act No. 273 of September 25, 2012, as amended (the “IFE Act”).

For more details please visit the OCIF website, using TabEdge Bank’s license number #IFE-061, or company name: TabEdge Bank International Inc

2. About the OCIF

The Office of the Commissioner of Financial Institutions of Puerto Rico is an office of the Department of Treasury of Puerto Rico that supervises and regulates Puerto Ricos financial sector to ensure its safety and soundness, as well as to oversee a strict adherence to all applicable local and federal laws and regulations such as Bank Secrecy Act, U.S. Patriot Act, and sanctions by the U.S. Treasury Office of Foreign Asset Control (OFAC), among others.

3. Capital adequacy

The OCIF as a regulatory body is similar in function to the State Banking Departments found in the 50 states. However, being Puerto Rico a commonwealth territory, its functions, and legal enforcement are broader. It is empowered to issue banking licenses under Puerto Rico law that are not under direct federal supervision, such as International Banking Entities and International Finance Entities. The OCIF follows examination guidance issued by the Federal Financial Institutions Examination Council (FFIEC), a formal interagency body empowered to prescribe uniform principles for the examination of financial institutions in the U.S., including institutions regulated by the Federal Reserve Board of Governors and the Office of the Comptroller of the Currency (OCC).

4. Are your funds safe?

TabEdge operates as a ‘full reserve bank’ this means, unlike other banks, we do not give your money out to other clients in the form of loans, overdrafts or credit. We see this as the safest form of banking and means the money you hold with us is in our bank, all of the time. Additionally, in the unlikely event that anything should happen to TabEdge Bank we hold significant insurance policies to ensure we are always able to provide you access to all of your funds. FinCEN FinCEN is a bureau of the U.S. Department of the Treasury. FinCENs mission is to safeguard the financial system from illicit use, combat money laundering, and promote national security by collecting, analyzing, and disseminating financial intelligence and strategic use of financial authorities. FinCEN serves as the FIU for the United States and its territories and is one of more than 100 FIUs making up the Egmont Group, an international entity focused on information sharing and cooperation among FIUs. An FIU is a central, national agency responsible for receiving (and, as permitted, requesting), analyzing, and disseminating to the competent authorities disclosures of financial information: concerning suspected proceeds of crime and potential financing of terrorism or required by national legislation or regulation to combat money laundering and terrorism financing. As one of the worlds leading FIUs, FinCEN exchanges financial information with FIU counterparts around the world in support of U.S. and foreign financial crime investigations. The basic concept underlying FinCENs core activities is follow the money The primary motive of criminals is financial gain, and they leave financial trails as they try to launder the proceeds of crimes or attempt to spend their ill-gotten profits. FinCEN partners with law enforcement at all levels of government and supports the nations foreign policy and national security objectives. Law enforcement agencies successfully use similar techniques, including searching information collected by FinCEN from the financial industry, to investigate and hold accountable a broad range of criminals, including perpetrators of fraud, tax evaders, and narcotics traffickers. More recently, the techniques used to follow money trails also have been applied to investigating and disrupting terrorist groups, which often depend on financial and other support networks.