Alert 2004-7 | March 5, 2004

Unauthorized Banking: Fictitious Internet Bank (Intertrade Bank)

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 received information that the above-referenced entity may be operating a banking business without authorization. The information contained on its Website (no longer functioning) includes addresses for a headquarters in Montenegro, Yugoslavia, and facilities in London, England, and New York, NY, USA.

Please be advised that Intertrade Bank has not been granted authority to operate a banking business in the United States by the OCC or the state of New York. In addition, the entity has not been granted any such authority to operate in the United Kingdom or Montenegro.

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

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
Internet:	http://www.occ.treas.gov
Email:	occalertresponses@occ.treas.gov

Brian C. McCormally
Director
Enforcement & Compliance Division

Topic(s):

Unauthorized Banking