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FDIC Warns Institutions Not to Respond to Fake Letters Circulating

The FDIC has alerted member banks and the Office of the Comptroller of the Currency to fraudulent letters circulating appearing to be from the FDIC and instructed recipients not to respond to them.

By Staff Writer | Updated on June 19, 2007

WASHINGTON — The FDIC has alerted member banks and the Office of the Comptroller of the Currency to fraudulent letters circulating appearing to be from the FDIC and instructed recipients not to respond to them.

The letters are delivered via fax and state that “information is sought pursuant to sections 5318(J) and 5318(k) of Title 31 of the United States Code, as added by sections 313 and 319(b) of the USA PATRIOT ACT OF 2001 (Public Law 107-56).” It also adds, “As part of our oversight duties over banks operating in the United States, it is our statutory responsibility to ensure that foreign banks which maintain correspondent accounts with banks in the United States are up to date with their Certification.”

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