Bulletin: SLS00206

Date:
June 21, 2004
To:
All Issuing Offices
RE:
FDIC Special Alert Notice SA-40-2004
Dear Associates,

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:

http://www.fdic.gov/news/news/SpecialAlert/2004/index.html

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:

Patty Hoesl
Claims & Litigation Paralegal
Stewart Legal Services
Stewart Title Guaranty Company
1980 Post Oak Blvd., Suite 710<
Houston, Texas 77056
(800) 729-1902
(713) 629-2248 FAX
Email: phoesl@stewart.com

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.


Special Alerts




SA-40-2004
June 16, 2004

 

TO:

CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)

SUBJECT:

Fraudulent Information Request

Summary:

Fax messages to foreign institutions fraudulently claim to be from the FDIC. These messages falsely claim that the FDIC is soliciting mandatory customer information from institutions as part of FDIC money laundering and anti-terrorism measures.

 

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.

 

Michael J. Zamorski

 

Director
Division of Supervision and Consumer Protection

Distribution: All insured institutions

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or 202-416-6940).

Last Updated 06/16/2004

communications@fdic.gov

References

Bulletins Replaced:
None
Related Bulletins:
NL000084 Stewart Title Guaranty Company Antifraud Plan
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None