Customer and Employee Interviews Prove Strong KYC

Charlette Grieve and Nick McKenzie interview multiple Euro Pacific Bank customers and former employees. They confirmed that the bank had extremely robust and strict AML and KYC procedures. These interviews alone should have made them aware that their allegations that the bank lacked due diligence and actively aided and abetted money laundering and tax evasion where false. But instead of conceding the bank’s innocence, they misrepresented what customers said, quoted them out of context, and fabricated evidence to make an innocent bank look guilty. This is not just defamation, but outright fraud. I doubt Grieve and Mckenzie’s willingness to defraud the public for the sake of a story was limited to this one instance. Their extremely unethical conduct in falsifying the results of this “investigation,” calls into question the legitimacy of every other investigation they claim to have conducted.

Here are some examples of questions they asked a customer and the answers given.

Question: “What was setting up the account like?”

Answer: “It took weeks and weeks and weeks. They were just so careful about making sure who they were dealing with. I’ve never come across anything like it. They were just so thorough. They are
people with high integrity and wanted to make sure I was who I said I was.”

Question: “Are there any tax advantages to having a bank account there?

Answer: “Not at all. Every year I submit my tax returns, I have to indicate the current balance,
what transactions have occurred. I know there are tax advantages for Americans who reside in PR, but that’s all legitimate.”

Question: “Why do you say they act in the highest ethics?”

Answer “Their diligence with KYC was extreme. They don’t loan money out, they don’t engage in fractional reserve banking, they understand the role of gold in the monetary system.”

The only negative comments made about the bank came from the disgruntled former employees they interviewed, who clearly had an ax to grind. One was a former IT manager, who worked from another country as an independent contractor. He never even visited the bank, but was featured in the Age article and the defamatory 60 Minutes Broadcast. You will notice they they lied to him by telling him that my bank was linked to organized crime. He saw no evidence of that himself. In fact, none of the disgruntled former employees claimed to have witnessed any evidence of criminal activity, money laundering, or tax evasion. Their criticism was limited to management style, work environment, and other issues having nothing to do with what the crimes they were supposedly investigating the bank of committing.

The former employees were disgruntled, and clearly had an ax to grind. It’s significant that they didn’t interview a single one of the bank’s 65 current employees, who likely would have had a different perspective on the bank. But the former employees did confirm that Peter Schiff had nothing to do with the running of the bank. Yet despite this, they falsely accused me of not only running the bank, but of masterminding the entire criminal enterprise.