As part of its contribution to the soundness of the Canadian financial system, OSFI publishes the names of entities which it believes may be of concern to the business community and the public. None of them are regulated by OSFI or licenced under any Canadian federal financial institutions legislation.
Generally, these entities come to OSFI's attention in one of two ways:
Warnings received from other regulators, both in Canada and abroad; and
Complaints and enquiries received from the public.
Foreign financial institutions may carry on the business of a financial institution in Canada only if they are licenced to do so under the Bank Act or the Insurance Companies Act. In addition, there are prohibitions and restrictions on the ability of any entity to do business in Canada under a name which could suggest that such a business is a regulated financial activity.
The names of entities, along with information on the origin and any other interested regulator, are published in our Monthly Warning Advisories. These Advisories are mailed to all federally regulated financial institutions in Canada (Canadian and foreign), all registered foreign bank Representative Offices in Canada, domestic and foreign regulators, and other interested parties. If you would like to go on the mailing list for our Monthly Warning Advisories, please contact the Compliance Division of OSFI at the address below.
Cumulative Warning List
The following is a cumulative list of entities that OSFI believes may be of concern to the business community and the public. None of the listed entities are regulated by OSFI or licensed under any Canadian federal financial institutions legislation:
Allied Bank & Trust Limited
Allied Boston Bank, Inc.
Allied Investment Bank
American Indemnity Assurance Group
American MoneyCentre Thrift and Loan
Amexco Banque de Swiss
Andover International Bank Inc.
ANM Investment Banking Corp.
Applebank Capital Corporation
Asia Pacific Bank
Aylesbury Bank Inc.
Banc Carson, Ltd.
Banc Suisse, A.G.
Banc Lugano, A.G.
Banc Lugano A.G., Inc.
Banca Nacional de Fomento
Banco de Asia
Banco de Londres y Multinacionale, S.A.
Banco de Los Indies International Limited
Bank of Ireland Financial, Inc.
Bank of ME
Bank of Newport Incorporated
Bank of North America
Bank of the Pacific Limited
Banking Corporation of America, Ltd.
Banque Credito Comerciale, S.A.
Banque d'Échange de Manhattan (Canada)
Banque Sterling (Sterling Bank)
Baron Banking Ltd.
Bell & Howe Insurance Group
Bentley International Bank Limited
Benelux Merchant Bank, Ltd.
Benelux Commercial Bank, Ltd.
Benelux Credit Bank, Ltd.
Benelux Guaranty Bank, Ltd.
British Private Bankers, Ltd.
Brussels Euro Bank, Ltd.
Business Bank International
California International Bank Limited
California Pacific Bankers Insurance
Cambridge International Bank & Trust Company Ltd.
Cambridge International Trust Co.
Cambridge Merchant Bank Ltd.
Canadian Bank of Toronto
Canadian Credit Bank Limited
Canadian Equity Funding
Canadian Trade Bank
Capital Banc Canada
Capital International Bank and Trust Ltd.
Carson Investment Company
Carson Trust Company
Cayman International Holdings
Central Bank of Canada
Central International Bank
Century Trade Bank Ltd.
Chase Global International
Churchill International Bank
Citioverseas Bank BWI Ltd.
Colonial Bank Limited
Columbia Security and Transfer Inc.
Commerce Bank Inc.
Commercial Bank of Canada
Commercial Fidelity Bank Ltd.
Commonwealth Bank Ltd.
Commonwealth Overseas Bank
Crown International Bank
Diamond Financial Bank (not to be confused with Diamond Financial Corporation)
Digital Commerce Bank, Ltd.
Dominion International Bank
Dominion Overseas Bank
Dominion Pacific Bank
Dworschak Financial Services Ltd.
Eastech International Bank Ltd.
EEC Trust Group, Ltd.
El Al International Bank, Inc.
Empire International Bank Ltd.
Enrotek Capital Inc.
Enterprise Management Investment and Commercial Bank
Equity Merchant Bank
Equity Trust Bank
Euro American Mortgage Corp.
Euro Credit & Exchange Bank Ltd.
Euro Credit & Trust Ltd.
Euro Creditanstalt Bank, Ltd.
EuroBank Trade Finance Inc.
Euro-Credit and Commerce Inc.
Euro-Pacific Bank Ltd.
Euro-Pacific International Bank Ltd.
European Canadian Securities
European Merchant Bank
European Overseas Bank Ltd.
European Union Bank
Excelsior General Insurance Company Limited
Exchange International Bank Limited
Federal Trade Bank
Fidelity Development Bank Limited
Fidelity Management & Trust Ltd.
First American International Bank Ltd. (or Inc.) (not to be confused with First American International Bank, Brooklyn, New York)
First Bank of North America
First Benelux Bank, Ltd.
First Canadian Bank
First Canadian Bank & Depository Limited
First Canadian International Bank, Limited,
First Colonial Bank Limited (The)
First Continental Bank Corp.
First Continental Bancorp Inc.
First Creditanstalt Bank, Ltd.
First Federal Bancorp (Canada) Inc.
First Federal Plus Inc.
First Federal Trust
First Global Investment Bank
First Imperial National Bank
First International Bank of Grenada
First International Commerce Bank Limited
First Merchant Bank & Trust
First Merchants Bank of Canada
First National Credit
First National Security Trust
First Nations Merchant Bank of America
First Pacific Trust Bank Ltd.
First Re-insurance Ltd.
First Trust Bank of Canada
First Trust Group
First United Bank
First World Trading Bank
Geneva Anconia International Bank Inc.
Geneva Euro Bank, Ltd.
Geneva Merchant Bank
Ginisan Investment and Financial Canadian Bank
Global Credit Inc.
Global Financial Consulting
Global Manufacturers Bank
Georgian Import-Export International Bank
Great Lakes Commercy Bank
GS Interfinance S.A.
Guaranty Bank & Trust Company Ltd.
Guaranty Creditanstalt Bank, Ltd.
Guardian Capital Bank Ltd.
Guardian Commerce Bank
Guardian Commercial Bank Ltd.
Gulf International Bank Limited
Gulf Union Bank Bahamas Ltd.
Heritage International Inc.
Heritage Investment Bank
Holden Bancorp Limited
Imperia International Bank Ltd.
Independent Business Credit Bank
Intercontinental First Bank Ltd.
Intercontinental Security Bank Limited
International Finance Marketing, Inc.
International Trade Company Limited
Island Bank Ltd.
Italia Euro Bank, Ltd.
Joseph First International Bank Limited
Keltic Trust Company
Kestral Trust Limited
Keystone Bank, Ltd.
Keystone Trust Co., Ltd.
La Rock Institute of Canada
Liberty Commercial Bank
Liechtenstein Merchant Bank, A.G.
Liechtenstein Trust Company, Ltd.
Lombard Banking International
London Euro Bank, Ltd.
London Merchant Bankers Ltd.
London Overseas Bank Ltd.
London Trust Company Ltd.
Lugano Trust Company Limited
Lloyd's Merchant Bank, Ltd.
Lloyd's Trust Company, Ltd.
Lydian International Commerce (Luxembourg) S.A. Merchant Bankers
Marine and Pacific Commercial Bank
Merchant Commercial Bank
Merchants Commerce Bank Limited
Metropolitan International Bank Limited
Monaco Credit & Guaranty Bank, Ltd.
MV Mecury Ventures
National Bank of Windsor
National Bankcard Services
National Indian Bank
Navy Street Bancorp
Nearbank Financial Centres Ltd.
New York Guaranty and Trust Corp.
North Bank of Canada
Northern Commercial Fire & General Ins. Co. Ltd.
Northern Reef Insurance Company Ltd.
OBE International Bank, Ltd.
Optimum Banking Corp.
Optimum International Private Banking
Overseas Bank of Finance Ltd.
Pacific Bank Corp. Inc.
Pacific Exchange International Bank
Pacific Fiscal Management, Inc.
Pacific Reserve Bank & Trust Ltd.
Pacific Trust and Commerce Bank Inc.
Paramount Reinsurance Ltd.
Partner Bank AD
Piggy Bank Financial Services Ltd.
Pioneer Development Bank Inc.
Pioneer International Holdings, Inc.
Prime Credit Bank Limited
Puget's Sound Agriculture Society Ltd.
Regal Bank of Montserrat, The
Regal Insurance Company
Regent International Bank Ltd.
Renfrew Security Bank & Trust Ltd.
Republic Bank Ltd.
Republic Security International Ltd.
Royal Meridian International Bank
Royal State Bank, Inc.
Royal Trust of Zurich AG, formerly named United Depositors Trust S.A. (This entity is not related to Royal Bank of Canada, Royal Trust Corporation of Canada or The Royal Trust Company.)
Security Bank of Canada
Security Bank of Commerce Limited
Société de réassurance maritime S.A. (referred to as SOREM)
Sterling Euro Bank, Ltd.
Sterling Investment Services
Suisse Bancorp Inc.
Suisse Private Trust, A.G.
Swiss American Bank
Swiss Credit & Savings Trust Institute
Swiss Euro Bank, Ltd.
Swiss Security Bank Ltd.
Swissdene (Merchant Bank) Ltd.
The United Democratic Republic of Korea
The United Korean (Global) Bank
Trans Pacific Mortgage
Unicredit Sociedad de Financiera de Objeto Limitada
Union Lombard Bank & Trust Corp.
United Bank Limited
United Canadian Bank
United Equity Bank & Trust Ltd.
United Korean Bank (The)
United National Republic Bank
United Security Bank Limited
United States Territories Bank & Trust
Uro Banque Inc. (SC)
U.S. Caribbean Bank & Trust
U.S. Reservation Bank & Trust
Vancouver Euro Bank, Ltd.
Vienna Euro Bank, Ltd.
Viscount Funding Corporation
West Indies International Bank Ltd.
Western Pacific Overseas Bank
White Star Instant Coverage Corp.
Windsor Trust Company
World Arbitrage Bank Ltd.
World Bank Limited
World Commerce Bank Limited
World International Bank Ltd.
World Job and Food Bank
World Security Bank Limited
Yarrabank Holdings Inc.
Yorkisle Capital Corp
Zurich Euro Bank, Ltd.
Zurich Creditanstalt Bank, Ltd.
Zurich Credit Bankers, A.G.
Zurich Credit Trust, Ltd.
Any information you may have concerning the above should be brought to the attention of:
Office of the Superintendent of Financial Institutions Canada
121 King Street West
e-mail address: email@example.com