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Special Alerts

SA-10-2006
January 19, 2006


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Unauthorized Banking – United Exchange International Bank, Belize
Summary: United Exchange International Bank, Belize City, Belize, is not authorized to conduct the business of banking in or from Belize.

The Office of the Comptroller of Currency (OCC) has notified the Federal Deposit Insurance Corporation (FDIC) that the Central Bank of Belize (CBB) has not granted a banking license to the United Exchange International Bank, Belize City, Belize. The entity is not authorized to conduct the business of banking in or from Belize.

This fictitious Internet bank reportedly is located at 166 North Front St. #213, Belize City, Belize. The CBB advises that the company is not located at that address or any other known location in Belize. The telephone number associated with United Exchange International Bank is (801) 576-2610 and the Web address is www.uxibank.net. The telephone number and Web site registration information indicate that the entity originates from the state of Utah. However, there is no record that the state of Utah has issued a banking license to this entity.

Any information about this matter should be brought to the attention of the Central Bank of Belize:

Mail: Central Bank of Belize
P. O. Box 852
Belize City, Belize
Telephone: (501) 223-6194
Fax: (501) 223-5122
E-mail: cbbfssd@btl.net

If you have any questions about this alert or wish to provide information to the OCC about this matter, you may forward questions or information to:

Mail: Office of the Comptroller of the Currency
Enforcement & Compliance Division, MS 8-10
250 E. Street, SW
Washington, DC 20219
Fax: (202) 874-5301
E-mail:occalertresponses@occ.treas.gov
Internet: http://www.occ.gov

Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-4004, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov. Information related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.

For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at www.fdic.gov/news/news/SpecialAlert/2006/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Christopher J. Spoth
Acting Director

Distribution: FDIC-Supervised Banks (Commercial and Savings)




Last Updated 01/19/2006 communications@fdic.gov