Alert 2004-22  
ALERT

Subject:      Unauthorized Banking
Description:  All Canadian Financial Co (ACFS) and Fairbank 
              Group, Offshore Banking (FBGP), Unauthorized 
              Internet Banks

Date:         November 9, 2004

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 All Examining Personnel

RE:  All Canadian Financial Co (ACFS) 
     Yorkdale Shopping Centre
     3401 Dufferin Street, Toronto, ON  M6A 2T9                                 
           
     (416) 507-9818                        
     www.allcanadianfinancial.com
     
     Fairbank Group, Offshore Banking (FBGP)
     95, du Bras, St-Raphael (Qc)
     GOR 4C0, Quebec
     
     (800) 587-1822
     [www.fairbankgroup.com]

     The Office of the Comptroller of the Currency has been
     advised that the above-referenced entities are actively
     engaged in offering a full range of deposit and banking
     services via the Internet.  The Office of the Superintendent
     of Financial Institutions Canada has advised the OCC that
     neither All Canadian Financial Co nor Fairbank Group,
     Offshore Banking have been authorized to conduct the
     business of banking or provide banking-related services in
     or from Canada.
     
     Any information that you may have concerning either of these
     entities should be brought to the attention of the:

       Mail: Office of the Superintendent of Financial Institutions 
             Canada (OSFI)
             Compliance Division
             121 King Street West
             Toronto, Ontario M5H 3T9
             Telephone: 416-973-6117
        Fax: 416-954-3169
     E-mail: alerte@osfi-bsif.gc.ca

     If you have any questions about this alert or desire to
     provide information to the OCC, contact:
     E-mail: occalertresponses@occ.treas.gov
       Mail: Office of the Comptroller of the Currency
             Enforcement & Compliance Division, MS 8-10
             250 E Street, SW, Washington, DC   20219
        Fax: (202) 874-5301
   Internet: http://www.occ.treas.gov



Brian C. McCormally
Director
Enforcement & Compliance Division