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Financial Institution Letters


Special Alert

FIL-73-95
October 23, 1995

 

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

The Office of the Comptroller of the Currency has advised that the following entities may be conducting a banking business in the United States illegally or without authorization.

Euro Commerce Bank
1221 Brickell Avenue, Suite 937
Miami, FL
Leaning Rock Indian Bank Corporation
2271 Alpine Boulevard
Alpine, CA
Euro Commerce Bank
1 Northumberland Avenue
Trafalgar Square
London, England
Native American Bank Group
(N.A.B.G.)
5600 Spring Mountain Road
Suite 203
Las Vegas, NV
First Southern Banking Corporation
c/o Alamin, Inc.
4225 Enoro Drive
Los Angeles, CA
Native American Bank Group
(N.A.B.G.)
5600 Spring Mountain Road
Suite 203
Las Vegas, NV

Additionally, "BANK GUARANTEE/PRINCIPAL" instruments purportedly issued by Banque Centrale De Madagascar (Central Bank) are in circulation. A copy of one such instrument is attached. The government of Madagascar has advised that such instruments do not constitute legal obligations of the Central Bank and the government of Madagascar. Please be guided accordingly.

Any proposed transactions involving any of these entities should be viewed with extreme caution. Please forward any information concerning these entities 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 Banks (Commercial and Savings)


  

BANQUE CENTRALE DE MADAGASCAR


boite postale no550 - adresse élégraphique (BA CE RE MA)
téléphone 217-51 - 217-52 et 247-03

             

BANK GUARANTEE/PRINCIPAL

CUSIP NUMBER
CURRENCY
AMOUNT 
MER/134876/OK 005
UNITED STATES DOLLARS
$100,000,000
(ONE HUNDRED MILLION UNITED
STATES DOLLARS)
MATURITY DATE
PLACE OF ISSUE
DATE OF ISSUE
MARCH 14, 2000
ANTANANARIVO - MADAGASCAR
MARCH 13, 1995

FOR VALUE RECEIVED, WE THE UNDERSIGNED, BANQUE CENTRALE DE MADAGASCAR HEREBY IRREVOCABLY AND UNCONDITIONALLY WITHOUT PROTEST AND NOTIFICATION PROMISE TO PAY TO THE ORDER OF MERMAID INTERNATIONAL LIMITED, THE BEARER OR HOLDER THEREOF AT MATURITY THE SUM OF ONE HUNDRED MILLION UNITED STATES DOLLARS, IN THE LAWFUL CURRENCY OF THE UNITED STATES.

UPON PRESENTATION AND SURRENDER OF THIS GUARANTEE AT THE OFFICES OF BANQUE CENTRALE DE MADAGASCAR - BP NO 550 - ANTANANARIVO MADAGASCAR SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND FREE AND CLEAR OF ANY DEDUCTIONS OR CHARGES, FEES, DEDUCTIONS OR WITHHOLDINGS OF ANY NATURE NOW OR HEREAFTER IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE REPUBLIC OF MADAGASCAR OR ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.

THIS GUARANTEE SHALL BE GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE UNITED STATES OF AMERICA.

BANQUE CENTRALE DE MADAGASCAR
B.P. NO 550 - ANTANANARIVO MADAGASCAR

Last Updated 10/5/2011 communications@fdic.gov