CUs Warned of Unauthorized Transactions from Canadian Bank, CU, Trust Co.

LATHAM, N.Y. – A handful of financial institutions with roots supposedly in Canada may be conducting unauthorized banking transactions, the New York State Credit Union League recently reported. The League says the Office of the Superintendent of Financial Institutions of Canada has issued a “warning notice” that the following entities may be conducting unauthorized banking transactions in the United States: *International Chartered Bank, Toronto, Ontario *International Credit Union, Toronto, Ontario *Trans Atlantic Financial Trust (no address) *Bermuda Credit Re-Insurance Bank LTD, Quebec Any proposed transactions involving these entities should be viewed with extreme caution, the League reported. Information about these entities should be forwarded to the New York State Banking Department, Criminal Investigations Bureau, One State St., (6th floor), New York, NY 10004 or faxed to (212) 709-3555.