The main shareholder of Euro Pacific Bank (EPB), Peter Schiff, assured that the decision of the Office of the Commissioner of Financial Institutions (OCIF) that seeks to put an end to the operations of his international financial institution (IFI) seems to respond to pressure from the federal Internal Revenue Service (IRS) and the “technicality” of lack of capital and not to the fact that the institution has facilitated tax evasion and money laundering among the entity’s clients.