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Special Alerts

SA-134-2009
August 19, 2009


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Entities Originating in the Transnistria Area of the Republic Moldova Purportedly Conducting Banking Operations in Canada or the United States Without Authorization
Summary: The Office of the Superintendent of Financial Institutions (OSFI) of Canada has identified entities that may be illegally operating as financial institutions.

The Office of the Superintendent of Financial Institutions (OSFI) of Canada has published a Warning Notice (Issue No. 86) – "Notice of Unauthorized Banking Activities by Entities Originating in the Transnistria Area of Moldova" - containing the names listed below. This Warning Notice can be found at http://www.osfi-bsif.gc.ca/app/DocRepository/1/eng/consumer/notices/Warning_Notice_86_e.pdf - PDF. (PDF Help)

NameCity
Trans-Dniester Republican BankTiraspol
SberbankTiraspol
Elektronny Regionalny Bank LAMINATTiraspol
Ipotechny BankTiraspol
Social Development BenderysotsbankBendery
GazprombankTiraspol
TiraspromstrojbankTiraspol
CJSC "Agroprombank"Tiraspol

Information received by OSFI indicates that all matters concerning banks and other financial institutions in Transnistria fall under the exclusive jurisdiction of the Government of the Republic of Moldova. It has been reported through credible sources that the Transnistria problem continues to encourage criminal activities based in or transiting through the region, particularly smuggling and trafficking. This renders Moldova vulnerable for the purposes of regulating capital and apprehending goods of doubtful origin. The country's anti-money laundering system does not apply to Transnistria, which makes the latter's banks and other institutions vulnerable to laundering activities.

Any information you have concerning this matter should be brought to the attention of following authorities:

Office of the Superintendent of Financial Institution Canada (OSFI)
Compliance Division
121 King Street West
Toronto, Ontario
M5H3T9
Telephone Number: +1 (416) 973-6117
Fax Number: +1 (416) 954-3169
E-mail: scaminfo@osfi-bsif.gc.ca
Banca Naţională a Moldovei
Bd. Renaşterii nr. 7,
MD-2005 Chişinău
Republic of Moldova
British Columbia Securities Commission
Enforcement Division
Telephone Number: +1 (604) 899-6605
Royal Canadian Mounted Police
Integrated Market Enforcement Team
Vancouver British Columbia
Telephone Number: 604-331-1200
Securities and Exchange Commission
Office of Investor Education & Advocacy
Washington, D.C., USA
(Reference: H0-1322864)

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 website at www.fdic.gov/news/news/SpecialAlert/2009/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

Distribution: FDIC-Supervised Banks (Commercial and Savings)




Last Updated 8/19/2009 communications@fdic.gov