The problem is that during the 8-month freeze, which resulted from false accusation in the media that the bank was closed for money laundering and tax evasion, the bank lost its ability to send wires due to a failure to keep it systems current with industry changes. There was a work around, but the receiver just never did what former bank employees working for Qenta instructed him to do. Portugal was the seventh government to waste time investigating the bank for money laundering and tax evasion. As every EPB customer knows, EPB likely had stricter
KYC and AML procedures than any other bank. Yet the bank was shut down merely to protect the media, that not only unethically publicized illegally leaked details of a confidential criminal investigation, but also proclaimed the bank and me guilty of crimes for which there was no evidence to ever file charges let alone get convictions.