Alert 1998-15| April 21, 1998

Suspicious Transactions: Banca Populara Ardealul


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

Information has been received that the subject entity has issued $650 million (U.S.) face value check form instruments. Further, the subject entity has not been authorized by the government of Romania to conduct a banking business. Extreme caution is advised relative to any involvement with these instruments.

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
Enforcement & Compliance Division

Related Link