Get to know OFIC

The Integrity and Compliance Office (OFIC) is responsible for administering and managing the risks of Money Laundering, and Terrorist Financing, Financing of the Proliferation of Weapons of Mass Destruction (ML/TF/FPWMD), Integrity and Sanctions in accordance with CABEI's guidelines, policies, procedures and tools, with the purpose of preventing and mitigating the effects that could occur if the organization, its operations or activities are used as a vehicle for money laundering, financing of terrorism, risks of fraud and corruption that prevent compliance with CABEI's fiduciary duty, damage to the image and reputation derived from sanctions and other related activities.

OFIC's Areas of Expertise


CABEI is committed to promoting a culture of "Zero Tolerance" to fraud, corruption and other prohibited practices. To this end, it has a regulatory framework defined as the "Integrity System", which includes prevention guidelines, the implementation of the different means for filing complaints, the handling of complaints, the power to conduct investigations and the process for recommending or sanctioning prohibited practices in its operations, among others.

A Prohibited Practice is defined as any fraudulent, corrupt, coercive, collusive or obstructive practice.

Reporting Channel Antifraud Policy 2017  Antifraud Policy 2024 Integrity Best Practices Guide


CABEI, through the implementation of a ML/TF/FPWMD Risk Management System, directs its efforts to ensure that its products and services are not used to give the appearance of legality to funds that are the proceeds of illicit activities or serve to channel licit or illicit resources destined for terrorist activities.

CABEI is committed to the global fight against Money Laundering, Terrorist Financing, Financing of the Proliferation of Weapons of Mass Destruction and is constantly updating its internal processes to keep them in line with international best practices.

The Bank has been incorporated as an observer member of the Latin American Financial Action Task Force (GAFILAT) and the Caribbean Financial Action Task Force (CFATF).



CABEI is committed to combating financial crimes and contributes to protecting the integrity of the global financial system by conducting responsible business in the different jurisdictions worldwide where the bank conducts operations with different stakeholders. In this regard, CABEI has established sanctions controls in accordance with internationally recognized principles applicable to its nature.

CABEI operations in the Republic of Cuba are carried out under the specialized mechanism that prevents U.S. jurisdiction nexus.