Palau

PW · PLW · Asia-Pacific

4 regulators · 9 laws & regulations · 4 obligations · 9 enforcement actions · 2 upcoming deadlines

Enforcement actions in Palau
Date	Entity	Regulator	Action	Penalty	Source
1 Mar 2018	World Remit Bank, Ltd (bank licence applicant)	FIC	Licence Action	—	official
The FIC Central Registry lists the application as denied on 1 March 2018 and gives no comment or reasons.
12 Jan 2018	Quatum Asset Management, PTE Ltd. (bank licence applicant)	FIC	Licence Action	—	official
The FIC Central Registry lists the application as denied on 12 January 2018, noting it concerned a whole-bank purchase of Asia Pacific Commercial Bank. No reasons are given.
20 Mar 2017	GT Dollar Bank (bank licence applicant)	FIC	Licence Action	—	official
The FIC Central Registry lists the application as denied on 20 March 2017 and gives no comment or reasons.
6 Nov 2006	Pacific Savings Bank, Ltd. (bank (Palau))	FIC	Licence Action	—	official
The FIC Central Registry lists the licence as revoked on 6 November 2006. No reasons are given.
6 Jan 2005	Sunra Int'l Bank & Trust (bank (Palau))	FIC	Licence Action	—	official
The FIC Central Registry lists the licence as revoked on 6 January 2005. No reasons are given.
26 Sep 2003	First Federal Banking Corp. (bank (Nauru))	FIC	Licence Action	—	official
The FIC Central Registry lists the licence as revoked on 26 September 2003. No reasons are given.
17 Dec 2002	Melekeok Government Bank (bank (Palau))	FIC	Licence Action	—	official
The FIC Central Registry lists the licence as invalidated on 17 December 2002. No reasons are given.
13 Dec 2002	Palau Central Bank, Inc. (bank (Palau))	FIC	Licence Action	—	official
The FIC Central Registry lists the licence as invalidated on 13 December 2002. No reasons are given.
30 Sep 2002	Allied Boston Bank, Inc. (bank licence applicant)	FIC	Licence Action	—	official
The FIC Central Registry lists the application as denied on 30 September 2002 and gives no comment or reasons.