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SPECIAL ALERT

BSA/AML, OFAC and Fraud
August 4, 2000

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 concerning an entity that is not licensed to provide offshore banking business in or from within Belize. Any proposed transactions involving Butterfield, Reimer & Associates, S. A ., should be viewed with extreme caution.

Please provide any information about this entity to Mr. Keith Arnold, Governor, Central Bank of Belize, P.O. Box 852, Belize City, Belize. This information, as well as information on any other unauthorized entities, also should be forwarded to the FDIC's Special Activities Section, 550 17th Street, NW, Room F-6012, Washington, DC 20429. For your reference, all FDIC Financial Institution Letters published since January of 1995 may be found on the FDIC's Web site at www.fdic.gov under "News, Events & FOIA."

James L. Sexton
Director

Attachment: (not available electronically)

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).


Last Updated: August 4, 2000