- June 21, 2004
- All Issuing Offices
- FDIC Special Alert Notice SA-40-2004
This Bulletin is to advise you, in accordance with Stewart Information Services Corporation's ("SISCO") Anti-Fraud Plan, that the FDIC has issued the above-referenced Special Alert Notice. In order to view this and other Special Alert Notices issued by the FDIC, please refer to the website address listed below:
If you suspect an attempt to defraud or a fraud should ever be perpetrated against any SISCO Family Underwriter and/or its agents, please report the activity immediately to:
Claims & Litigation Paralegal
Stewart Legal Services
Stewart Title Guaranty Company
1980 Post Oak Blvd., Suite 710<
Houston, Texas 77056
(713) 629-2248 FAX
For on-line viewing of this bulletin, log onto http://specialalerts.stewart.com/.
THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.
The Federal Deposit Insurance Corporation (FDIC) is receiving inquiries from foreign financial institutions that have received faxed messages that have the appearance of being sent from the FDIC. The fraudulent letters indicate that the ?FDIC money laundering and anti-terrorism joint Task Force Security? is requesting financial account and investment information regarding accounts maintained in financial institutions and investment banks in the U.S., Canada and the United Kingdom. The message warns institutions that failure to complete the form may result in civil and criminal penalties, including freezing of accounts, forfeiture of assets, and/or fines.
This faxed message was NOT sent by the FDIC and may be a fraudulent attempt to obtain access to foreign financial institution accounts. Financial institutions should NOT, under any circumstances, provide account information to these unknown sources.
For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at www.fdic.gov/news/news/SpecialAlert/2004/index.html. To learn how to automatically receive FDIC Special Alerts, Financial Institution Letters and other announcements through e-mail, please visit www.fdic.gov/news/news/announcements/index.html.
Distribution: All insured institutions
NOTE: Paper copies of FDIC financial institution letters may be
obtained through the FDIC's
- Bulletins Replaced:
- Related Bulletins:
- NL000084 Stewart Title Guaranty Company Antifraud Plan
- Underwriting Manual:
- Exceptions Manual: