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The Office of the Superintendent of Financial Institutions (OSFI) of Canada has published the attached "Warning Notice" (Issue No. 64), which contains the name of an entity recently brought to OSFI's attention.
The warning notice states that Frost National Trust, Toronto, Ontario, Canada (http://www.frostnational.com), is not an authorized federally regulated financial institution (Canadian) and may be involved in advance fee or "Nigerian letter" scams (see also OSFI's Warning Notice No. 23, dated February 2002). This entity, or persons purported to represent it, is reportedly operating in Canada, and may be violating provisions of the Bank Act (Canada) or other Canadian financial institution regulations. This entity may also be conducting unauthorized banking transactions in the United States. Any proposed transactions involving this entity should be viewed with extreme caution.
In addition, Transbanc Capital Corporation, which was named in Warning Notice No. 62, has been removed from the Warning List.
Each "Warning Notice," beginning with Issue No. 1 through OSFI's latest "Warning Notice," may be found at: http://www.osfi-bsif.gc.ca/osfi/index_e.aspx?ArticleID=166.
Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-4004, Washington, D.C. 20429, or transmitted electronically to firstname.lastname@example.org. Information related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.
Attachment: Can be found at http://www.osfi-bsif.gc.ca/app/DocRepository/1/eng/consumer/notices/Warning_Notice_64_e.pdf
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