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Alert 2007-13 | March 6, 2007

Unauthorized Banking: 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:

  • Mail: Inspector of Banks and Trust Companies Central Bank of The Bahamas PO Box N-4868 Nassau, Bahamas
  • Telephone: (242) 302-2615
  • Fax: (242) 356-3909
  • Email: bsd@centralbankbahamas.com

If you have any questions about this alert or wish to provide information to the OCC, the appropriate contacts are:

Email: occalertresponses@occ.treas.gov
Mail: Office of the Comptroller of the Currency
Special Supervision Division, MS 6-4
250 E Street, SW, Washington, DC 20219
Fax: (202) 874-5214
Internet: https://www.occ.gov

For additional information regarding other types of financial fraud, please visit the OCC's anti-fraud resources page.

/signed/

Richard C. Stearns
Director for Enforcement & Compliance

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