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Financial Institution Letters


Special Alert

FIL-72-95
October 23, 1995

 

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Entities That May Be Conducting Banking Operations
In The United States Without Authorization

The Central Bank of Belize has issued the attached warning circular listing entities that are not licensed chartered banks in Belize. These entities also may be conducting unauthorized banking transactions in the United States. This circular supersedes a similar warning issued by the Central Bank of Belize in April 1994. Any proposed transactions involving these entities should be viewed with extreme caution.

The circular also contains the names of the only commercial banks licensed to operate in Belize and invites recipients of the circular to contact the Manager, Banking Supervision, Central Bank of Belize, for clarification of the names of entities purporting to be licensed as banks in Belize.

If you have any information about these entities, please forward it to the FDIC's Special Activities Section, 550 17th Street, N.W., Room F-612, Washington, D.C. 20429

Nicholas J. Ketcha Jr.
Acting Director

Attachment

Distribution: FDIC-Supervised Bank (Commercial and Savings)


CENTRAL BANK OF BELIZE

WARNING CIRCULAR #2
September 1995

This is the second in a series of warning circulars being issued by the Central Bank of Belize [CBE]. The following entities are NOT licensed/chartered banks in Belize:

Guardian Commercial Bank Ltd.     Swiss Trade & Commerce Trust Ltd. [Belize] 
Cambridge Merchant Bank Ltd.      Commercial Trust Corporation   
Commercial Fidelity Bank Ltd.     Vienna Trust Co. Ltd.   
Lombard Merchant Bank Ltd.        Vienna Group International S.A.  
British Private Bankers Ltd.      Lugano Trust Company Ltd.   
Zurich Guarantee Bank             Liechtenstein Trust Company Ltd.
Swiss Investment Bankers AG       First National Trust Institute Ltd.  
Oval Bank                         EEC Trust Group Ltd. 
Vienna Merchant Bank Ltd.                                  
Liechtenstein Merchant Bank A.G.  

There are no off-shore banks presently licensed to operate in Belize and under the Banking Act of Belize, only the following four (four) commercial banks are licensed to operate in Belize:

                      Atlantic Bank Ltd.
                      Barclays Bank Plc
                      Belize Bank Ltd.
                      Bank of Nova Scotia 

If any information is obtained on entities purporting to be licensed as banks in Belize, kindly contact the undersigned for clarification.

                                                      Ricardo Pelayo
                                                      Manager
                                                      Financial Services
                                                      Supervision Dept.
Last Updated 07/16/1999 communications@fdic.gov