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Financial Institution Letter
Special Alert
April 11, 1997
Notes
 


TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Entities That May Be Conducting Banking Operations Without Authorization

The Central Bank of Belize has issued the attached warning circular about an entity that claims to be headquartered in Belize. The circular also provides information about affiliates of this entity. The Central Bank states that no such entity has been registered or licensed to conduct banking business in Belize. Any proposed transactions involving the entity or its affiliates should be viewed with extreme caution.

Please provide any information about these entities, or any of their principals, representatives or associates, to the Senior Manager, Financial Sector Supervision Department, Central Bank of Belize, P.O. Box 852, Belize City, Belize. This information, as well as information on any unauthorized entities, also should be forwarded to the FDIC's Special Activities Section, 550 17th Street, N.W., Room F-612, Washington, D.C. 20429.


Nicholas J. Ketcha Jr.
Director

Attachment : Central Bank of Belize -- Warning Circular #1/1997

Distribution: FDIC-Supervised Banks (Commercial and Savings)

Note: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. 20434 ((703) 562-2200 or 800-276-6003).

ATTACHMENT:

CENTRAL BANK OF

WARNING CIRCULAR #1/1997

FEBRUARY

The Central Bank of Belize has been informed of an entity titled "CHANNEL PRIVATE BANKERS LIMITED" with a branch office at the World Trade Center, Leutschenbachstrasse 95, CH-8050 Zuerich in Switzerland, which claims to be headquartered in Belize.

Please be advised that no such entity has been registered or licensed in Belize and that any activity purported to be carried on by such entity and/or any of its affiliates may be fraudulent.

Affiliates of this "bank" are reported to be as follows:

    CHANNEL PRIVATE PORTFOLIO MANAGEMENT LTD.
    (Ireland/Liechtenstein)

    CHANNEL MANAGEMENT INTERNATIONAL
    (Luxembourg)

We would like to request that you provide the undersigned with any information you may have on this "entity" or any of its affiliates, principals or associates.

    Senior Manager
    Financial Sector Supervision Department
    Central Bank of Belize
    P. O. Box 852
    Belize City

    Tel: 501-2-77216
    Fax: 501-2-76113

P.O. Box 852, Belieze City, Belize Tel (501) 2-77216 Telex 225 Monetary BZ

FAX (501) 2-76113


FIL-32-97
Last Updated: April 11, 1997