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Special Alerts

SA-44-2005
April 22, 2005


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Entity That May Be Conducting Banking Operations Without Authorization
Summary: The Office of the Comptroller of the Currency has received notification of an unauthorized financial institution.

The Office of the Comptroller of the Currency (OCC) has advised the Federal Deposit Insurance Corporation (FDIC) that the following entity may be conducting banking business illegally or without authorization:

Caribbean International Bank, also known as Caribbean International Credit & Trust
One Financial Place, Suite 120
Lower Collymore Rock
Bridgetown, Barbados, West Indies

The Central Bank of Barbados has advised the OCC that the Caribbean International Bank, also known as Caribbean International Credit & Trust, is not licensed to operate as a bank in Barbados. In addition, the Barbados Registrar of Companies has no record of either entity. Please be advised that the OCC has not authorized the above-mentioned entity to operate as a bank in the United States. Proposed transactions involving this entity should be viewed with extreme caution. Any information or questions that you have about this entity may be brought to the attention of:

The Central Bank of Barbados
Tom Adams Financial Centre
P.O. Box 1016
Bridgetown, Barbados, West Indies
Telephone: (246) 436-6860
Fax: (246) 437-3334
Email: cbb.libr@caribsurf.com

Information about this entity 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/2005/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Michael J. Zamorski
Director
Division of Supervision and Consumer Protection

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC Special Alerts may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).




Last Updated 04/22/2005 communications@fdic.gov