That May Be Conducting Banking Operations
in Canada or the United States Without Authorization
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.
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.
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.
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.
J. Ketcha Jr.
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:
17th St. NW
Distribution: FDIC-Supervised Banks (Commercial and Savings)