Federal Deposit
Insurance Corporation

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).