The Office of the Superintendent of Financial Institutions (OSFI) of Canada has published the attached issue of its "Warning Notice" (Issue No. 44), which contains the names of three entities recently brought to OSFI's attention. These entities are Golden Trust Bank, Oshawa, Ontario; National Bank, Etobicoke, Ontario; and Banquedenationale Bank, Hong Kong. Each "Warning Notice," beginning with Issue No. 1, and OSFI's latest cumulative "Warning List" may be found at http://www.osfi-bsif.gc.ca/osfi/index_e.aspx?ArticleID=166.
These entities, or persons representing them, are reportedly operating in Canada. They may be violating provisions of the Bank Act (Canada) or other Canadian financial institution regulations. They may also be conducting unauthorized banking transactions in the United States. Any proposed transactions involving these entities should be viewed with extreme caution.
Any information about these entities may be forwarded to the FDIC's Special Activities Section, 550 17th Street, NW, Room F-4040, Washington, DC 20429, or forwarded electronically to alert@fdic.gov.
For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at www.fdic.gov/news/news/SpecialAlert/2003/index.html. To learn how to automatically receive FDIC Special Alerts, Financial Institution Letters and other announcements through e-mail, please visit www.fdic.gov/news/news/announcements/index.html.
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Michael J. Zamorski |
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Director |
Attachment (May be accessed at http://www.osfi-bsif.gc.ca/osfi/index_e.aspx?ArticleID=166.)
Distribution: FDIC-Supervised Banks (Commercial and Savings)
NOTE: Paper copies of FDIC Special Alerts may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342, option 5, or (703) 562-2200).
