Alert 2004-7
OCC Alert
Subject: Unauthorized Banking: Fictitious Internet Bank
Description: Intertrade Bank
Date: March 5, 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 
Examining Personnel

RE:	Intertrade Bank, located on the Internet at:
www.intertradebank.com, with locations in Montenegro,
London, and New York.  

The Office of the Comptroller of the Currency (OCC) has
received information that the above-referenced entity may
be operating a banking business without authorization.
The information contained on its Web site (no longer
functioning) includes addresses for a headquarters in
Montenegro, Yugoslavia, and facilities in London, England,
and New York, NY, USA.  

Please be advised that Intertrade Bank has not been granted
authority to operate a banking business in the United States
by the OCC or the state of New York.  In addition, the entity
has not been granted any such authority to operate in the United 
Kingdom or Montenegro.  

Any information that you may have concerning this matter
should be brought to the attention of :
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
E-mail:	occalertresponses@occ.treas.gov





Brian C. McCormally
Director 
Enforcement & Compliance Division