Subject: Unauthorized Banking
Date: March 6, 2007
Description: Deltec Financial & Trust Services
Deltec Financial & Trust Services Deltec House Lyford Cay P.O. Box N-3229 Nassau, Bahamas
To: Chief Executive Officers of All National Banks; All State Banking Authorities; Chairman, Board of Governors of the Federal Reserve System; Chairman, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (districts); Assistant Deputy Comptrollers; District Counsel and Examining Personnel
The Office of the Comptroller of the Currency (OCC) has been informed that the above-named fictitious entity is involved in an up-front fee lottery scam.
The Central Bank of The Bahamas has issued an advisory that Deltec Financial & Trust Services is not licensed under the Banks and Trust Companies Regulation Act, 2000 to conduct banking and/or trust business in or from within The Bahamas. Members of the public who transact business with this entity do so at their own risk.
Deltec Financial & Trust Services has no relationship, whatsoever, to Deltec Bank & Trust Ltd, which is duly licensed to operate in The Bahamas. Similarly, Deltec Financial & Trust Services has no relationship, whatsoever, to Deltec Financial Services, LLC, which is a licensed affiliate of American Home Bank, N.A., Mountville, PA, USA.
Any information that you may have concerning this matter should be brought to the attention of the Central Bank of The Bahamas:
If you have any questions about this alert or wish to provide information to the OCC, the appropriate contacts are:
For additional information pertaining to this actual scam and the counterfeit items involved, please review the FDIC’s Special Alert SA-310-2006, which can be found on the FDIC’s Web site: http://www.fdic.gov/news/news/SpecialAlert/2006/sa06310.html
Richard C. Stearns