Alert 1997-14 | June 24, 1997

Suspicious Transactions: Netware International 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); District Administrators; District Counsel and Examining Personnel

Information is being received that the subject entity is soliciting deposits on the Internet offering high rate interest. Such deposits are not insured by the Federal Deposit Insurance Corporation. Further, the Commissioner of Banking, State of North Carolina, has advised that this entity has not been issued a bank charter.

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

Office of the Comptroller of the Currency
Enforcement & Compliance Division
250 E Street, SW
Washington, DC 202l9
Fax (202) 874-5301

Daniel P. Stipano
Director
Enforcement & Compliance Division

Topic(s):

Suspicious Activity Reports (SAR)