Alert 2005-7
ALERT

Subject:      Unauthorized Banking         
Description:  Caribbean International Bank, a.k.a. Caribbean
              International Credit & Trust

Date:         April 7, 2005

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:  Caribbean International Bank, also known as Caribbean
     International Credit & Trust, One Financial Place, 
     Suite 120, Lower Collymore Rock, Bridgetown, Barbados

     The Central Bank of Barbados has informed the Office of the
     Comptroller of the Currency (OCC) that the Caribbean
     International Bank, also known as Caribbean International
     Credit & Trust, has not been licensed to operate as a bank
     in Barbados.  In addition, the Barbados Registrar of
     Companies has no record of either entity.
     
     Please be advised also that the OCC has not authorized the
     above-mentioned entity to operate as a bank in the United
     States.
     
     Any information that you may have concerning this matter
     should be brought to the attention of:
            E-mail:  cbb.libr@caribsurf.com
              Mail:  The Central Bank of Barbados
                     Tom Adams Financial Centre
                     PO Box 1016
                     Bridgetown, Barbados, WI
         Telephone:  (246) 436-6860
               Fax:  (246) 437-3334

     Any additional information concerning this matter that you
     think should be brought to the attention of the OCC, may be
     forwarded to:
            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 for Enforcement & Compliance