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The Office of the Superintendent of Financial Institutions (OSFI) of Canada has published the attached "Warning Notice" (Issue No. 69), which contains the names of three entities recently brought to OSFI's attention.
Warning Notice No. 69 states that the names listed are not authorized federally regulated financial institutions (Canadian) and may be involved in advance fee scams (see also OSFI's Warning Notice No. 23, dated February 2002). The names listed are Global Financial Services, Toronto, Ontario, Canada, and New York, New York (http://www.globalfinancialservices.org ); Foundland Financial, Oceanside, California (http://www.foundlandfinancial.com ), which may be associated with Global Financial Services; and 1st Line Financial Group, Toronto, Ontario, Canada (http://www.1stlinefinancialgroup.com ). These entities are reportedly operating in Canada and may be violating provisions of Canada's Bank Act or other Canadian financial institution regulations. These entities may also be conducting unauthorized banking transactions in the United States. 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 .
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 firstname.lastname@example.org. 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 website 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.
Attachment: Can be found at http://www.osfi-bsif.gc.ca/app/DocRepository/1/eng/consumer/notices/Warning_Notice_69_e.pdf 95k (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 (1-877-275-3342).
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