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Special Alert

BSA/AML, OFAC and Fraud
January 25, 1999

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Entities That May Be Conducting Banking Operations in the United States Without Authorization

The Office of the Comptroller of the Currency has published the attached updated list of entities that may be conducting banking business in the United States illegally or without authorization. Please view with extreme caution any proposed transactions involving any of the listed entities.

The list is an updated summary of entities identified in previous Federal Deposit Insurance Corporation (FDIC) financial institution letters ( FILs) on this subject. However, this listing does not contain the names of entities furnished by state or foreign governments, which are included in the following FILs. Please be sure to retain these FILs for your records. All FILs published by the FDIC since January 1, 1995, may be found on FDIC's Web site, www.fdic.gov .

  • FIL-17-91, dated April 23, 1991, which contains a listing of bank licenses revoked by the Government of Montserrat.

  • FIL-56-91, dated November 19, 1991, which contains a listing of companies purporting to be banks, but that are not licensed as such by the government of Grenada.

  • FIL-65-94, dated October 7, 1994, which contains a list of entities not licensed to conduct banking activities in the state of New York.

  • FIL-140-98, dated December 30, 1998, which contains information concerning entities that are not licensed chartered banks in Belize.

  • FIL-121-98, dated November 16, 1998, which contains a warning from the Swedish Financial Supervisory Authority concerning suspect activities of listed savings banks.

  • FIL-106-98, dated October 2, 1998, which contains names of entities that may be operating in Canada in violation of the Bank Act (Canada) and may be conducting unauthorized banking transactions in the United States.

Please forward any information concerning these entities to the FDIC's Special Activities Section, 550 17th Street, NW, Room F-6012, Washington, DC 20429.

James L. Sexton
Director


Attachment

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 NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).


FIL-7-99

Last Updated: January 25, 1999