| TO: |
CHIEF
EXECUTIVE OFFICER
|
| SUBJECT: |
Entities
That May Be Conducting Banking Operations
in Canada or the United States Without Authorization |
|
The
Office of the Superintendent of Financial Institutions of
Canada has published the attached "Warning Circular," which
contains an updated list of entities that are not licensed
chartered banks in Canada and are not registered representative
offices of foreign banks in Canada. This list supersedes the
list provided in FIL-63-95, dated September 19, 1995.
These entities may be operating in Canada in violation of the Bank Act (Canada) and may be conducting unauthorized banking transactions in the United States. Any proposed transactions involving these entities should be viewed with extreme caution. We have been informed that the Bank of North America, Fort Lauderdale, Florida, is not associated in any manner with the Bank of North America (Canada) listed in the attached circular. Any information about these entities should be forwarded to the FDIC's Special Activities Section, 550 17th Street, N.W., Room F-612, Washington, D.C. 20429.
Attachment: The attachment to this Financial Institution Letter is not currently available in electronic format. Until it is in a form that will allow us to post it to the internet, you may obtain hard copy or fax from: FDIC Public Information Center Room 100 801 17th St. NW Washington, DC 20434 ph: (703) 562-2200 Distribution: FDIC-Supervised Banks (Commercial and Savings) |