Home > News & Events > Special Alerts




Special Alerts

SA-163-2007
June 28, 2007


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Golden Merchant Bank and Dexia Financial Trust May Be Conducting Banking Operations in Canada or the United States Without Authorization
Summary: The Office of the Superintendent of Financial Institutions of Canada has identified Golden Merchant Bank and Dexia Financial Trust as entities that may be illegally operating as financial institutions.

The Office of the Superintendent of Financial Institutions (OSFI) of Canada has published the attached "Warning Notice" (Issue No. 75), which contains the names Golden Merchant Bank, Verdun, Quebec, and Dexia Financial Trust, Brantford, Ontario. Both have been recently brought to OSFI's attention. Warning Notice Issue No. 75 states that the names listed are not authorized, federally-regulated financial institutions (Canadian). According to the notice, Golden Merchant Bank has a fax number of (514) 932-9021. Dexia Financial Trust is not associated with Dexia Crédit Local S.A., which is a legitimate foreign bank under the Bank Act and has an office in Montreal, Quebec. The telephone number (519) 694-0519 is associated with Dexia Financial Trust, a subject of this notice.

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.

To report any scam based in or mailed from Canada, please contact Phonebusters, which is a joint partnership between the Ontario Provincial Police and the Royal Canadian Mounted Police. Phonebusters is interested in receiving copies of scam letters, particularly those involving Canadian mailing addresses or telephone numbers. Records relating to the payment of advance fees should also be forwarded to Phonebusters. This information is used to assist in the strategic targeting of would-be fraudsters. Scam letters should be forwarded to the Phonebusters National Call Center (PNCC) as follows:

Mail: Box 686
North Bay, Ontario, Canada
P1B 8J8
Web site: www.phonebusters.com
Telephone: +1 (888) 495-8501 (toll-free in Canada and the USA)
Fax: +1 (888) 654-9426 (toll-free in Canada and the USA)
E-mail: info@phonebusters.com
Advance fee fraud (including Nigerian and lottery letters): wafl@phonebusters.com

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 alert@fdic.gov.

Questions 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 Web site at http://www.fdic.gov/news/news/specialalert/2007/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Sandra L. Thompson
Director

Attachment [Can be found at: http://www.osfi-bsif.gc.ca/app/DocRepository/1/eng/consumer/notices/Warning_Notice_75_e.pdf](PDF Help)

Distribution: FDIC-Supervised Banks (Commercial and Savings)

Paper copies of FDIC Special Alerts may be obtained through the FDIC's Public Information Center, 1-877-275-3342 or 703-562-2200).




Last Updated 6/28/2007 communications@fdic.gov