Westernbank Puerto Rico, Mayaguez, Puerto Rico, was closed today by the Office of the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. 52 of 1989, and offers tax incentives to IFEs that set up operations in Puerto Rico, subject to the licensing … 5653 that replaced the International Banking Entities (IBEs) under the former International Banking Regulatory Act, Act No. Office of the Commissioner of Financial Institutions. 1492 Ave. Ponce de León, This information may not be copied or reproduced in any capacity without the express written consent of the National Association of … International Financial Entities Licenses in Puerto Rico. REOF Capital | 1519 Ponce de Leon Ave. Suite 301, San Juan, Puerto Rico 00912. Centro Europa Suite 600 1492 Ave. Ponce de León San Juan 00907 Puerto Rico. 5653. Is an International Financial Institution registered under the laws of the Commonwealth of Puerto Rico and licensed in the year 2017 by the Office of the Commissioner of Financial Institutions (OCFI). 2204, 2206 _ QCFI. Gov. Edif. Information contained in the NAUPA QRP States Unclaimed Property Monitoring Service is for informational and reference purposes only. San Juan, PR 00907 In a press release, the governor said Joyner had submitted his resignation last week and takes effect Friday. Address Edif. The Office of the Commissioner of Financial Institutions of Puerto Rico supervises and regulates the territory’s financial sector to ensure its safety and soundness, as well as to guarantee strict adherence to all applicable laws and regulations. Box 11855 San Juan, PR 00910-3855: Office of the Commissioner of Financial Institutions Att: Securities Regulation Division Centro Europa Building, Suite 600 1492 Ponce de Leon Ave. San Juan, PR 00907-4024 They are licensed and regulated by the Office of the Commissioner of Financial Institutions pursuant to Act No. Overview of Banks in Puerto Rico. Some also answer general questions about banking and consumer credit. Centro Europa – Suite 600, 1492 Ave. Ponce de León, San Juan, PR 00907 Phone: (787) 723-8445 Web: http://www.ocif.gobierno.pr/index_eng.html. OCIF Deputy Commissioner Alejandro Blanco will take over as acting commissioner. The Virgin Islands operations are supervised by the Virgin Islands Banking Board (for the USVI) and by the British Virgin Islands Financial … CFI-2020-01 … Office of the Commissioner of Financial Institutions Att: Securities Regulation Division P.O. Wilfredo is responsible for Customer Support in Puerto Rico and is our liaison with the Office of the Commissioner of Financial Institutions. Commissioner—Faculties International Financial Entities (IFEs) are licensed and regulated by the Office of the Commissioner of Financial Institutions pursuant to Act No. Web: http://www.ocif.gobierno.pr/index_eng.html, 1170 Market Street, Suite 500 The Office of the Commissioner of Financial Institutions of Puerto Rico—in Spanish: Oficina del Comisionado de Instituciones Financieras (OCIF)—is an office of the Department of Treasury of Puerto Rico that supervises and regulates Puerto Rico's financial sector to ensure its safety and soundness, as well as to oversee a strict adherence to all applicable laws and regulations. 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).Ángel Luis Rosas Collazo served as its first commissioner. Phone: (787) 399-6641 or (787) 690-0334 Email: PuertoRico@e-dbi.com The State Departments of Banking regulate and supervise state-chartered banks. International Financial Enterprise Bank, Inc. (“IFEB”) is a supervised, regulated financial institution licensed under Act 273 by the Office of the Commissioner of Financial Institutions of Puerto Rico (“OCIF”) with the authority to accept deposits, make loans and provide merchant services. San Francisco, CA 94102 FirstBank Insurance Agency, Inc. is regulated by the Office of the Insurance Commissioner of the Commonwealth of Puerto Rico. Puerto Rico Financial Institutions Reports System - Call Reports - Quarterly and Annual - Commissioner of Financial Institutions banks venture capital international securities Puerto Rico’s Financial Institutions Commissioner’s Office (OCIF by its Spanish initials) regulates the island’s banks and financial institutions. 4, in pertinent part, provides as follows: § 2010. [4], An office of the Department of Treasury of Puerto Rico, Puerto Rico Law enacting the Office of the Commissioner of Financial Institutions of October 11, 1985 No. Vauban International is licensed to provide custodial services as specified under Act 273 of September 2012, as amended, known as the International Financial Center Regulatory Act. On September 25, 2012 (“ Act 273 ”), Puerto Rico enacted Act No. Office of th e Commiss ioner of Financial In stitutions. Banks in Puerto Rico are part of the U.S. banking system with a few differences in tax laws. The Department of Economic Development and Commerce of Puerto Rico (“DDEC”, as its Spanish acronym) and the Office of Industrial Tax Exemption (“OITE”) are transforming the way Puerto Rico does business by making it easier for you and your business to benefit from the wide array of … State Utility Commissions regulate services and rates for gas, electricity and telephones within your state. Phone: (787) 723-8445 Office of the Commissioner of Financial Institutions, However, being Puerto Rico a commonwealth territory, its functions and legal enforcement are more broad as it is empowered to issue banking licenses under Puerto Rico law which are not under federal direct supervision, such as International Banking Entities and International Finance Entities. Puerto Rico - Office of the Commissioner of Financial Institutions “I am convinced that George will help oversee and supervise the financial system in Puerto Rico to … “I thank George R. Joyner for agreeing to return to public service, this time as commissioner of financial institutions,” Rosselló said. 273, also known as the “International Financial Center Regulatory Act” (the “Act”).The Act provides tax exemptions to businesses engaged in eligible activities in Puerto Rico. Article 10 of Act No. Region(s) Served. GOVERNMENT OF PUERTO RICO. Many of them handle or refer problems and complaints about other types of financial institutions as well. The Office of the Commissioner of Financial Institutions of Puerto Rico—in Spanish: Oficina del Comisionado de Instituciones Financieras (OCIF)—is an office of the Department of Treasury of Puerto Rico that supervises and regulates Puerto Rico's financial sector to ensure its safety and soundness, as well as to oversee a strict adherence to all applicable laws and regulations. On June 21, 2017, the Government of Puerto Rico Office of the Commissioner of Financial Institutions (“OCFI”) issued Circular Letter Number CIF-CC-17-1 In accordance with the Office of the Commissioner of Financial Institutions Act and the Uniform Securities Act, the OCFI requires every broker-dealer that conducts business in Puerto Rico and maintains a physical branch office Puerto Rico - Office of the Commissioner of Financial Institutions Office of the Commissioner of Financial Institutions, Edif. IFEB is required to comply with the U.S. Patriot Act, which … In the wake of the recent earthquakes in Puerto Rico, the Puerto Rico Office of the Commissioner of Financial Institutions (“OCFI”) released Circular Letter No. It is licensed by the Office of the Commissioner of Financial Institutions of Puerto Rico (OCFI); License IFE-048. Now in its 55 th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S. and Puerto Rico banking laws and regulations. Wilfredo Reyes Miller represents DBI in Puerto Rico. License Number: OCIF-IF-17-425 REOF CAPITAL. In the wake of the recent earthquakes in Puerto Rico, the Puerto Rico Office of the Commissioner of Financial Institutions (“OCFI”) released Circular Letter No. State; Locations. Successor: Scotiabank: Founded: 1966 San Juan, Puerto Rico: Defunct: April 30, 2010 () Headquarters: San Juan, Puerto Rico Agencies > Puerto Rico. 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