ALERT 2000 11
Type:   Unauthorized Banking
Subject:  Uro Banque (Montenegro)
Date:     October 25, 2000

TO:  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

RE:  Uro Banque (Montenegro)
     www.urobanque.com

It has recently been brought to our attention that Uro Banque is
operating in Canada in violation of the Canadian Bank Act.  The Office
of the Superintendent of Financial Institutions, Canada, has reviewed
the Internet Site www.urobanque.com and has also received inquiries
concerning Uro Banque activities in Canada.  Uro Banque is identifying
itself as a bank incorporated in Montenegro with an operation in
Quebec and is soliciting individuals in the United States from such
operation in Quebec to subscribe for credit cards.

Subject entity has no license or charter from the Office of the
Comptroller of the Currency or the Government of Canada. 

Any information which you may have concerning this matter should be
brought to the attention of:

               Mail Office of the Comptroller of the Currency
                    Enforcement & Compliance Division
                    250 E Street, SW, Washington, DC   20219
               Fax  (202) 874-5301 Internet http://www.occ.treas.gov   
               E-mail    alertresponses@occ.treas.gov
and
               Mail Office of the Superintendent of Financial Institutions, Canada
                    Nicolas W.R. Burbidge, Compliance Division
                    121 King Street West, Toronto, Ontario, Canada M5H3T9
               Fax  (416) 973-8966     E-mail   nburbid@osfi-bsif.gc.ca


                         
Daniel P. Stipano
Director
Enforcement & Compliance Division