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Special Alerts

SA-303-2006
November 2, 2006


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Entities That May Be Conducting Banking Operations in
Canada or the United States Without Authorization
Summary: The Office of the Superintendent of Financial Institutions (OSFI) of Canada has identified five entities that may be illegally operating as financial institutions.

The Office of the Superintendent of Financial Institutions (OSFI) of Canada has published the attached "Warning Notice" (Issue No. 72), which contains the following names of entities recently brought to OSFI's attention:

  • Allied Financial Trust, Toronto, Ontario (www.aftservice.com)
  • Century Funding, Key West, Florida
  • Coopérative d'épargne et de Crédit des Commercant EF (www.ceccef.EU)
  • Euro-Amro Bancorp Inc., Vancouver, British Columbia
  • Maritime Financial Trust, Toronto, Ontario (www.mftboc.com)

Warning Notice No. 72 states that the names listed are not authorized federally regulated financial institutions (Canadian) and may be part of advance fee scams (see also OSFI's Warning Notice No. 23, dated February 2002). These entities, or persons purported to represent the entities, are not insured by the Canada Deposit Insurance Corporation (CDIC). Any proposed transactions involving these entities should be viewed with extreme caution.

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.

To report any scam based in or mailed from Canada, please contact Phonebusters, which is a joint partnership between the Ontario Provincial Police and the Royal Canadian Mounted Police. Phonebusters is interested in receiving copies of scam letters, particularly those involving Canadian mailing addresses or telephone numbers. Records relating to the payment of advance fees should also be forwarded to Phonebusters. This information is used to assist in the strategic targeting of would-be fraudsters. Scam letters should be forwarded to the Phonebusters National Call Center (PNCC) as follows:

Mail:Box 686
North Bay, Ontario, Canada
P1B 8J8
Web site:www.phonebusters.com
Telephone:+1 (888) 495-8501 (toll-free in Canada and the USA)
Fax:+1 (888) 654-9426 (toll-free in Canada and the USA)
E-mail:info@phonebusters.com
Advance fee fraud (including Nigerian and lottery letters): wafl@phonebusters.com

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 alert@fdic.gov.

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.

For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at http://www.fdic.gov/news/news/SpecialAlert/2006/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Sandra L. Thompson
Director
Division of Supervision and Consumer Protection

Attachment: Can be found at http://www.osfi-bsif.gc.ca/app/DocRepository/1/eng/consumer/notices/Warning_Notice_72_e.pdf 48k (PDF Help)

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC Special Alerts may be obtained through the FDIC's Public Information Center (1-877-275-3342).




Last Updated 11/2/2006 communications@fdic.gov