Anti-Money Laundering and Trade Sanctions Disclaimer

Legal Notice:
This website and all services NIBank offers comply with the legal framework of Antigua and Barbuda regarding anti-money laundering, counter-terrorism financing, and trade sanctions. NIBank is committed to adhering to national laws and the Financial Action Task Force (FATF) Recommendations.

Key Applicable Laws:

• Money Laundering (Prevention) Act of 1996 (as amended).
• Proceeds of Crime Act of 1993.

The Office of National Drug and Money Laundering Control Policy (ONDCP) oversees the enforcement of these regulations, including the freezing of suspicious accounts.

Fees for Deposits Under Suspicion of Money Laundering and/or Frozen Due to International Sanctions

1. Definitions:
1.1. Deposit under suspicion of money laundering: Any deposit identified by NIBank as potentially linked to illicit activities, under applicable regulations.
1.2. Deposit frozen due to international sanctions: Funds whose availability is restricted due to economic or financial sanctions imposed by international organizations or governments.
2. Applicable Fees:

• Investigation and Monitoring Fee: The bank may charge a percentage established in the bank’s fee schedule between a range of 0.5% and 2% of the balance, every 30 days.
• Freezing Fee: The bank may charge a percentage established in the bank’s fee schedule between a range of 1% and 3% of the monthly frozen balance for every 30 days.

3. Application of Fees:
Fees will be applied while deposits are subject to investigations or freezing as required by national and international regulations.
4. Right to Modify:
NIBank reserves the right to modify fees following regulatory changes, notifying customers through the bank’s informational channels, such as the website.
5. Limitation of Liability:
NIBank shall not be held liable for damages resulting from investigations or freezing actions conducted in compliance with applicable legislation.