Alert 2000-11 | October 25, 2000

Unauthorized Banking: Uro Banque (Montenegro)

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

It has recently been brought to our attention that Uro Banque is operating in Canada in violation of the Canadian Bank Act. The Office of the Superintendent of Financial Institutions, Canada, has reviewed the Internet Site www.urobanque.com and has also received inquiries concerning Uro Banque activities in Canada. Uro Banque is identifying itself as a bank incorporated in Montenegro with an operation in Quebec and is soliciting individuals in the United States from such operation in Quebec to subscribe for credit cards.

Subject entity has no license or charter from the Office of the Comptroller of the Currency or the Government of Canada.

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

Mail:	Office of the Comptroller of the Currency Enforcement & Compliance Division, 250 E Street, SW, Washington, DC 20219
Fax:	(202) 874-5301
Internet:	http://www.occ.treas.gov
Email:	alertresponses@occ.treas.gov

and

Mail:	Office of the Superintendent of Financial Institutions, Canada Nicolas W.R. Burbidge, Compliance Division 121 King Street West, Toronto, Ontario, Canada M5H3T9
Fax:	(416) 973-8966
Email:	nburbid@osfi-bsif.gc.ca

Daniel P. Stipano
Director
Enforcement & Compliance Division

Topic(s):

Unauthorized Banking