Regulatory Information
First Credit Bank is committed to the highest standards of global regulatory compliance and transparency.
1. Licensing
First Credit Bank is authorised by the Federal Deposit Insurance Corporation (FDIC) and regulated by the California Department of Financial Protection and Innovation (CDFPI). Outside of California, we operate through various subsidiaries and branches, each licensed according to local jurisdiction requirements.
2. Deposit Insurance
Client deposits are protected by the FDIC up to $250,000 per depositor in the jurisdictions where the accounts are held.
3. Anti-Money Laundering (AML)
We maintain rigorous AML and Counter-Terrorist Financing (CTF) programs in accordance with the Recommendations of the Financial Crimes Enforcement Network (FinCEN) and U.S. banking regulations.
4. Global Standards
As a member of the American Bankers Association and subject to Office of the Comptroller of the Currency (OCC) standards, we adhere to U.S. standards for private banking and wealth management excellence.