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Alert 2005-10 | May 20, 2005

Unauthorized Banking: Gulf International Bank Group, Bahrain and Dubai, and Gulf Aviation International, Ltd., Philadelphia, PA


: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

Gulf International Bank, B.S.C., Bahrain (GIB) has informed the Office of the Comptroller of the Currency (OCC) that the above-listed entities are falsely representing that they are affiliated with GIB, its federal branch in New York City, or with Gulf International Bank (UK) Limited, London, England. In addition, GIB has advised that references appearing on Internet Websites claiming that GIB or its affiliates are involved in certain aircraft financing transactions are false.

Any information or questions that you may have concerning this matter should be brought to the attention of:

Mr. Issa N. Baconi,
Executive Vice President, Branch Manager
Gulf International Bank
330 Madison Avenue
New York, NY 10017
Telephone: (212) 922-2310
Fax: (212) 922-2312

Any additional information concerning this matter that you believe should be brought to the attention of the OCC, may be forwarded to:

Mail: Office of the Comptroller of the Currency
Enforcement & Compliance Division, MS 8-10
250 E Street, SW, Washington, DC 20219
Fax: (202) 874-5301

Brian C. McCormally
Director for Enforcement & Compliance