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Special Alerts
| SA-25-2004
March 22, 2004
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| TO: |
CHIEF EXECUTIVE OFFICER (also may be of interest to Security Officer) |
| SUBJECT: |
Entities That May Be Conducting Banking Operations Without Authorization |
| Summary: |
The Office of the Comptroller of the Currency has provided notification of unauthorized financial institutions.
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The Office of the Comptroller of the Currency (OCC) has advised the Federal Deposit Insurance Corporation (FDIC) that the entities described below may be conducting banking business illegally or without authorization. The entities have not been granted authority to operate as banking businesses in the United States by the OCC or the state of New York. Proposed transactions with these entities should be viewed with extreme caution.
Intertrade Bank
[This site is no longer active]
Montenegro, Yugoslavia; London, England; and New York, New York
The Web site is no longer functioning. In addition, the entity has not been granted authority to operate in Montenegro or the United Kingdom. Commerz Finanz Bank
[This site is no longer active]
Zurich, Switzerland; and New York, New York
The Web site is no longer functioning. In addition, officials from Commerzbank AG have advised that there is no affiliation between this entity and Commerzbank AG or Commerzbank North America or any of its affiliated companies. Contrary to representations contained on the Web site, there is also no affiliation between Commerzbank AG and IBC Holdings Corporation, a Nevada corporation with an address listed as 40 Wall Street, New York, New York. Further, the Swiss Federal Banking Commission has not authorized the entity to conduct business in the area of banking or securities trading.
Information about these entities may be forwarded to the FDIC's Special Activities Section, 550 17th Street, NW, Room F-4040, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov.
For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at http://www.fdic.gov/news/news/SpecialAlert/2004/index.html. To learn how to automatically receive 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
Division of Supervision and Consumer Protection
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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 or (703) 562-2200).
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