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TO:
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CHIEF EXECUTIVE OFFICER
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SUBJECT:
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Entities That May Be Conducting
Banking Operations
In The United States Without Authorization
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The Central Bank of Belize has issued the
attached warning circular listing entities that are not licensed chartered banks in
Belize. These entities also may be conducting unauthorized banking transactions in the
United States. This circular supersedes a similar warning issued by the Central Bank of
Belize in April 1994. Any proposed transactions involving these entities should be viewed
with extreme caution.
The circular also contains the names of the only
commercial banks licensed to operate in Belize and invites recipients of the circular to
contact the Manager, Banking Supervision, Central Bank of Belize, for clarification of the
names of entities purporting to be licensed as banks in Belize.
If you have any information about these
entities, please forward it to the FDIC's Special Activities Section, 550 17th Street,
N.W., Room F-612, Washington, D.C. 20429
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Nicholas J. Ketcha Jr.
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Acting Director
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Attachment
Distribution: FDIC-Supervised Bank (Commercial
and Savings)
CENTRAL BANK OF BELIZE
WARNING CIRCULAR #2
September 1995
This is the second in a series of warning
circulars being issued by the Central Bank of Belize [CBE]. The following entities are
NOT
licensed/chartered banks in Belize:
Guardian Commercial Bank Ltd. Swiss Trade & Commerce Trust Ltd. [Belize]
Cambridge Merchant Bank Ltd. Commercial Trust Corporation
Commercial Fidelity Bank Ltd. Vienna Trust Co. Ltd.
Lombard Merchant Bank Ltd. Vienna Group International S.A.
British Private Bankers Ltd. Lugano Trust Company Ltd.
Zurich Guarantee Bank Liechtenstein Trust Company Ltd.
Swiss Investment Bankers AG First National Trust Institute Ltd.
Oval Bank EEC Trust Group Ltd.
Vienna Merchant Bank Ltd.
Liechtenstein Merchant Bank A.G.
There are no off-shore banks presently licensed
to operate in Belize and under the Banking Act of Belize, only the following four (four)
commercial banks are licensed to operate in Belize:
Atlantic Bank Ltd.
Barclays Bank Plc
Belize Bank Ltd.
Bank of Nova Scotia
If any information is obtained on entities purporting to be licensed as banks in
Belize, kindly contact the undersigned for clarification.
Ricardo Pelayo
Manager
Financial Services
Supervision Dept.
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