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Special Alerts

SA-218-2007
August 9, 2007


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Fake Banco Central del Ecuador "Guarantees" or "Proof of Funds" Letters
Summary: The Office of the Superintendent of Financial Institutions of Canada has issued a Warning Notice originating from the Government of Ecuador that fake banking "guarantees" or "proof of funds" letters are circulating in international financial markets.

The Office of the Superintendent of Financial Institutions (OSFI) of Canada has published the attached "Warning Notice" (Issue No. 76) regarding fake letters reflecting the name Banco Central del Ecuador. The Warning Notice, prompted by the Government of Ecuador, concerns fake "guarantees" or "proof of funds" letters that are circulating in international financial markets. For more information, contact the Canadian Department of Foreign Affairs and International Trade at (613) 944-2071 or (613) 992-6292.

Each "Warning Notice," beginning with Issue No. 1 through OSFI's latest "Warning Notice," may be found at: http://www.osfi-bsif.gc.ca/osfi/index_e.aspx?ArticleID=166.

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.

Questions 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 http://www.fdic.gov/news/news/specialalert/2007/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Sandra L. Thompson
Director
Division of Supervision and Consumer Protection

Attachment: Can be found at http://www.osfi-bsif.gc.ca/app/DocRepository/1/eng/consumer/notices/Warning_Notice_76_e.pdf - PDF (PDF Help)

Distribution: FDIC-Supervised Banks (Commercial and Savings)

Paper copies of FDIC Special Alerts may be obtained through the FDIC's Public Information Center, 1-877-275-3342 or 703-562-2200.




Last Updated 8/9/2007 communications@fdic.gov