[Federal Register Volume 67, Number 248 (Thursday, December 26, 2002)]
[Notices]
[Pages 78859-78863]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-32571]


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DEPARTMENT OF THE TREASURY


Departmental Offices Designation of Nauru and Ukraine as Primary 
Money Laundering Concerns

AGENCY: Departmental Offices, Treasury.

ACTION: Notice of designation.

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SUMMARY: This notice advises the public that the Department of the 
Treasury, on December 20, 2002, designated the countries of Nauru and 
Ukraine as primary money laundering concerns pursuant to section 5318A 
of Title 31, U.S.C., as added by section 311 of the Uniting and 
Strengthening America by Providing Appropriate Tools Required to 
Intercept and Obstruct Terrorism (U.S.A. Patriot Act) Act of 2001.

DATES: The designations made by this notice are effective December 20, 
2002. Comments on certain aspects of this

[[Page 78860]]

notice should be submitted by January 27, 2003. In making comments, 
please refer to the ``Public Comments Requested'' in the supplementary 
information portion of this preamble.

ADDRESSES: Commenters are encouraged to submit comments by electronic 
mail because paper mail in the Washington, DC area may be delayed. 
Comments submitted by electronic mail may be sent to 
[email protected] with the caption in the body of the text, 
``Attn: Section 311--Designation of Jurisdictions.'' Comments also may 
be submitted by paper mail (preferably and original and three copies) 
to Department of the Treasury, 1500 Pennsylvania Avenue, NW., 
Washington, DC 20220 ``Attn: 311--Designation of Jurisdictions.'' 
Comments should be sent by one method only. Comments may be inspected 
at the Department of the Treasury between 10 a.m. and 4 p.m., in 
Washington, DC. Persons wishing to inspect the comments submitted must 
request an appointment by telephoning (202) 622-0990 (not a toll-free 
number).

FOR FURTHER INFORMATION CONTACT: Office of Enforcement, Department of 
the Treasury, (202) 622-0400; Office of the Assistant General Counsel 
(Enforcement), (202) 622-1927; or the Office of the Assistant General 
Counsel (Banking and Finance), (202) 622-0480 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

I. Designation of Nauru and Ukraine as Primary Money-Laundering 
Concerns

    This document formally designates the countries of Nauru and 
Ukraine as primary money-laundering concerns under 31 U.S.C. 5318A, as 
added by section 311(a) of the Uniting and Strengthening America by 
Providing Appropriate Tools Required to Intercept and Obstruct 
Terrorism (U.S.A. Patriot Act) Act of 2001 (Pub. L. 107-56) (the Act).

II. Imposition of Special Measures

    The Department of the Treasury places these jurisdictions, and 
those with whom they have dealings, upon notice of its intent, after 
appropriate consultation, to follow this designation with the 
imposition of special measures authorized by section 5318A(a). With 
respect to Nauru, Treasury intends to impose the special measure 
described in section 5318A(b)(5), which will prohibit financial 
dealings by U.S. financial institutions with any Nauru licensed 
institution, unless otherwise excepted. Under the terms of section 
5318A(a)(2)(C), this special measure can be imposed only by 
promulgation of a rule. Treasury intends to initiate a rulemaking 
shortly.
    With respect to Ukraine, Treasury intends to impose one or more of 
the information-gathering and record-keeping requirements of the 
special measures described in section 5318A(b)(1) through (4). Those 
special measures can be imposed by an order, which is limited in 
duration to 120 days, and which may be extended indefinitely through a 
rulemaking (see section 5318A(a)(2) and (3)). Treasury intends to issue 
an order while simultaneously initiating a rulemaking to impose special 
measures on Ukraine.

III. Public Comments Requested

    The Department of the Treasury solicits comments from all 
interested persons concerning the appropriate special measures to 
impose on Ukraine. Specifically, Treasury solicits comments from the 
financial sector, including domestic financial institutions and 
domestic financial agencies, concerning its ability to comply with 
orders or regulations that impose actions under special measures one 
through four authorized by section 5318A(a). Treasury has also 
determined to propose imposition of special measure five upon Nauru, 
but solicits comments from any institution licensed by Nauru as to 
reasons the institution should be excepted from the prohibitions 
imposed under this measure. The prohibitions of special measure five 
would not apply to the Bank of Nauru.

IV. Background

    On October 26, 2001, the President signed into law the U.S.A. 
Patriot Act. Title III of the Act makes a number of amendments to the 
anti-money laundering provisions of the Bank Secrecy Act (BSA), which 
are codified in subchapter II of chapter 53 of title 31, United States 
Code. These amendments are intended to make it easier to prevent, 
detect, and prosecute international money laundering and the financing 
of terrorism.
    BSA section 5318A, as added by section 311 of the Act, authorizes 
the Secretary of the Treasury (Secretary) to designate a foreign 
jurisdiction, institution, class of transactions or type of account as 
being of ``primary money laundering concern,'' and to impose one or 
more of five ``special measures'' with respect to such a jurisdiction, 
institution, class of transactions, or type of account. The Secretary 
has delegated his authority under section 5318A to the Under Secretary 
of the Treasury (Enforcement).
    Section 5318A specifies those factors that the Secretary must 
consider before designating a jurisdiction, institution, transaction, 
or account as of ``primary money laundering concern.'' The evaluation 
of these factors against the summary of the administrative record, as 
subsequently set forth in this designation, has resulted in the 
conclusion that both jurisdictions are of primary money laundering 
concern.\1\
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    \1\ The following factors, in accordance with the requirements 
of section 5318A(c)(2)(A), are considered to be potentially relevant 
factors in evaluating the necessity of designating Nauru and 
Ukraine. Nauru and Ukraine meet the majority of these factors. 
First, whether organized criminal groups, international terrorists, 
or both, have transacted business within the designated 
jurisdiction. Second, with respect to its banking practices, 
Treasury must also evaluate (1) The extent to which the jurisdiction 
or financial institutions operating in the jurisdiction offer bank 
secrecy or special regulatory advantages to non-residents or 
nondomiciliaries of the jurisdiction; (2) the substance and quality 
of administration of the bank supervisory and counter-money 
laundering laws of the jurisdiction; (3) the relationship between 
the volume of financial transactions occurring in the jurisdiction 
and the size of the economy of the jurisdiction; and (4) the extent 
to which the jurisdiction is characterized as an offshore banking or 
secrecy haven by credible international organizations or 
multilateral expert groups. Third, with respect to its enforcement 
mechanisms, Treasury must evaluate whether the United States has a 
mutual legal assistance treaty with the jurisdiction, and determine 
the experience of United States law enforcement officials and 
regulatory officials in obtaining information about transactions 
originating in, or routed through to, such jurisdiction. Finally, 
Treasury must evaluate the extent to which the jurisdiction is 
characterized by high levels of official or institutional 
corruption.
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    Once the Secretary has considered the factors, consulted with the 
Secretary of State and the Attorney General (or their designees), and 
made a finding that a jurisdiction is a primary money laundering 
concern, the Secretary is authorized to impose one or more of the five 
``special measures'' described in 5318A(b). These special measures can 
be imposed individually, jointly, or in combination with respect to a 
designated ``primary money laundering concern.'' Four of the special 
measures impose information-gathering and record-keeping requirements 
upon those domestic financial institutions and agencies dealing either 
directly with the jurisdiction designated as one of primary money 
laundering concern, or dealing with those having direct dealings with 
the designated jurisdiction.\2\ Those four measures require: (1) 
Keeping records and filing reports on particular transactions, 
including the identities of the participants in the transactions and 
the beneficial owners of the funds involved; (2) obtaining information 
on the beneficial ownership of any account

[[Page 78861]]

opened or maintained in the United States by a foreign person or a 
foreign person's representative; (3) identifying and obtaining 
information about customers permitted to use, or whose transactions are 
routed through, a foreign bank's ``payable-through'' account; or (4) 
identifying and obtaining information about customers permitted to use, 
or whose transactions are routed through, a foreign bank's 
``correspondent'' account.
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    \2\ Treasury is currently examining the extent of the 
applicability of these requirements on those financial institutions 
enumerated under the U.S.A. Patriot Act.
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    Under the fifth special measure, a domestic financial institution 
or agency may be prohibited from opening or maintaining in the United 
States a correspondent account or a payable-through account for or on 
behalf of a foreign financial institution if the account involves the 
designee.
    In selecting which special measures to impose, the Secretary must 
consider a number of factors.\3\ In addition, imposition of special 
measures (1) through (4) requires consultation with the Chairman of the 
Board of Governors of the Federal Reserve System, any other appropriate 
Federal banking agency (as defined in section 3 of the Federal Deposit 
Insurance Act), the Secretary of State, the Securities and Exchange 
Commission, the Commodity Futures Trading Commission, the National 
Credit Union Administration Board, and any other agencies and 
interested parties as the Secretary may find appropriate. Imposition of 
special measure (5) requires consultation with the Secretary of State, 
the Attorney General and the Chairman of the Board of the Federal 
Reserve System.
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    \3\ In determining generally what special measures to select and 
to impose, the Secretary, in consultation with the agencies and 
``interested parties'' set forth immediately above, must consider 
the following factors: (1) Whether similar action has been or is 
being taken by other nations or multilateral groups; (2) whether the 
imposition of any particular special measure would create a 
significant competitive disadvantage, including any undue cost or 
burden associated with compliance, for financial institutions 
organized or licensed in the United States; (3) the extent to which 
the action or the timing of the action would have a significant 
adverse systemic impact on the international payment, clearance, and 
settlement system, or on legitimate business activities involving 
the particular jurisdiction, institution or class of transactions; 
and (4) the effect of the action on United States national security 
and foreign policy.
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    The Treasury intends, after consultation as provided above, to 
impose the fifth special measure with respect to Nauru, and actions 
under special measures one through four with respect to Ukraine. 
Section 5318A lists several factors that the Secretary must consider, 
in consultation with the Secretary of State and the Attorney General, 
before imposing these special measures. Pursuant to section 5318A, any 
of these first four special measures can be imposed by order, 
regulation or as otherwise permitted by law. Special measures imposed 
by an order can be effective for not more than 120 days, unless 
subsequently continued by a regulation promulgated before the end of 
the 120-day period.
    The fifth special measure can only be imposed through the issuance 
of a regulation. The issuance of the fifth measure also requires 
consultation with the Chairman of the Federal Reserve.

A. Nauru

    At one point in time, the island of Nauru had one of the highest 
per capita incomes in the developing world due to the mining and export 
of phosphates, a funding source expected to be completely depleted 
within five to ten years. Most of the funds emanating from the 
phosphate mining, originally contained in the country's trust funds, 
have been depleted through waste, poor investments and fraud. In 
addition to these problems, the Nauru government itself has been 
characterized by extensive instability.
    In an effort to raise funds, the island has resorted to several 
alternate endeavors, including the selling of offshore banking 
licenses. Nauru is notorious for permitting the establishment of 
offshore banks with no physical presence in Nauru or in any other 
country. These banks maintain no banking records that Nauru or any 
other jurisdiction can review. The evidence indicates that the entities 
that obtain these offshore banking licenses are subject to cursory and 
wholly inadequate review by the country's officials and lack any 
credible on-going supervision. In addition, one of the common 
requirements imposed by Nauru on these offshore banks is they not 
engage in economic transactions involving either the currency of Nauru 
(currently the Australian dollar) or its citizens or residents. 
Consequently, these offshore banks have no apparent legitimate 
connection with the economy or business activity of Nauru. Indeed, only 
one bank appears to be physically located in Nauru, the ``Bank of 
Nauru.'' It is a local community bank that also serves as the Central 
Bank.
    Nauru's Banking Act also prohibits employees or officers of a 
financial institution from revealing to anyone, including government 
officials, any information relating to banking transactions in and out 
of Nauru. In addition, foreign authorities may only receive, with the 
prior approval of the Nauruan Minister of Finance, macro-level 
information, such as the total sums of moneys and types of currency 
transferred from a country into Nauru. Foreign authorities cannot 
receive information regarding individual transactions. Consequently, 
there is an extensive secrecy regime surrounding the Nauru banking 
system.
    The Financial Crimes Enforcement Network has recently reported that 
400 offshore banks have been granted licenses by Nauru.\4\ It has been 
verified by on-site reports that a 1,000 square foot wooden structure 
is ``home'' to some 400 of these banks who have no physical or legal 
residence anywhere else in the world. The United States Government has 
been able to verify the names of 161 of the institutions licensed by 
Nauru, and they are presented as Appendix A to this designation. These 
are institutions for which the limited information available indicated 
that there is a strong likelihood as to their status as offshore shell 
banks that are not subject to effective banking supervision. Although 
the jurisdiction, and not the institutions themselves, are being 
designated, the list of institutions demonstrates the extensive 
opportunities for money-laundering activity on the island.
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    \4\ FinCEN Advisory Issue 21 (July 2000).
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    As a consequence of the current practices of Nauru, the Financial 
Action Task Force (FATF) placed Nauru on the ``Non-Cooperative Country 
and Territory'' (NCCT) list in June 2000 for maintaining an inadequate 
anti-money laundering (AML) regime according to international 
standards. According to the FATF, Nauru's anti-money laundering 
weaknesses included, but were not limited to, the following: money 
laundering was not a criminal offense; offshore banks licensed by Nauru 
were not required to maintain customer identification or transaction 
records; Nauruan financial institutions were under no obligation to 
report suspicious transactions; and Nauru maintained strong bank 
secrecy laws. On August 28, 2001, Nauru passed the Anti-Money 
Laundering Act of 2001 (``the AML Act''). On September 25, 2001, 
however, FATF indicated that the AML Act was not consistent with 
international standards because it did not apply to the numerous 
offshore banks licensed by Nauru. In response to FATF pressure, on 
December 6, 2001, Nauru passed amendments to its AML Act. Nonetheless, 
according to the FATF, the revised anti-money laundering law that now 
exists provides for a wholly inadequate anti-money laundering 
legislative and regulatory regime. In addition, Nauru has not yet 
addressed the remaining and most important deficiency of its AML

[[Page 78862]]

legislation, that is, adequate procedures for licensing, regulating and 
supervising its offshore banks. Thus, despite repeated warnings by FATF 
of its concern with Nauru's practices, and the clear consequences of 
not amending its practices, Nauru has not shouldered its responsibility 
to establish a sufficient AML regime.
    On the basis of FATF's determination, an evaluation of the factors 
set forth in section 5318A, and after consulting with the Secretary of 
State and the Attorney General, the Secretary has determined that 
reasonable grounds exist for concluding that Nauru is a ``primary money 
laundering concern.'' Accordingly, Treasury is prepared to subsequently 
impose by regulation special measure five against Nauru, which would 
prohibit any U.S. financial institution from opening or maintaining in 
the United States any correspondent account or a payable-through 
account for a foreign financial institution if the account involves 
Nauru or any institution licensed by Nauru. This prohibition would not, 
however, apply to the Bank of Nauru. Treasury has determined to except 
the Bank of Nauru, which as noted, serves as the Central Bank, from 
these prohibitions in order to ensure the people of Nauru can continue 
to meet their legitimate banking needs. Those U.S. financial 
institutions currently dealing with the Nauru licensed institutions 
(Appendix A) should begin considering their compliance obligations in 
anticipation of the imposition of this measure.
    Treasury solicits submissions from any bank located in or licensed 
by Nauru that would establish its legitimacy for purposes of being 
granted an exception under any proposed regulation imposing special 
measure five with respect to Nauru.

B. Ukraine

    Ukraine suffers from widespread corruption. On Transparency 
International's 2002 Corruption Perception Index, Ukraine ranked 
eighty-fifth out of the 102 listed countries.\5\ Prosecutions of 
corruption are based upon the law ``On Combating Corruption,'' that was 
passed in October 1995. This law is, however, rarely enforced, and on 
the rare occasions when it is enforced, it is normally aimed at lower 
or middle-level state employees. With respect to the economy, the 
Ukrainian system is primarily a cash-based system, with limited use of 
non-cash financial instruments. The banking system of Ukraine has only 
been in existence for approximately ten years and contains several 
deficiencies, including the lack of any record-keeping requirements for 
banks. While the current banking legislation prohibits the opening of 
anonymous accounts, there nonetheless remain within the system 
thousands of anonymous, coded, or numbered accounts containing a total 
of more than U.S. $20,000,000. In addition, there is a thriving gray or 
black market system within Ukraine. With regard to recordkeeping 
requirements, the secrecy laws in the banking sector of Ukraine provide 
administrative authorities with limited access to customer account 
information. Furthermore, although banks in Ukraine are required to 
report both large-scale and dubious transactions, they are not subject 
to penalty or sanction for failing to make such reports, thus making 
the requirement wholly voluntary. In addition, non-bank financial 
institutions are under no obligation to identify beneficial owners when 
their clients appear to be acting on behalf of another party.
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    \5\ Transparency International (TI) is an international non-
governmental organization devoted to combating corruption. One of 
its services is to conduct surveys of businesses and analysts (both 
within and outside the country) in order to determine this annual 
ranking. Each year, a composite index is compiled and Ukraine has 
consistently been near the bottom of this ranking. TI's annual 
Corruption Perceptions Index (``CPI'') is cited by the world's media 
as the leading index in the field. The CPI ranks countries by 
perceived levels of corruption among public officials.
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    The FATF identified Ukraine in September 2001 as being non-
cooperative in the fight against money laundering and placed Ukraine on 
the NCCT list. Ukraine was placed on the NCCT list because it lacked an 
effective anti-money laundering regime, including an efficient and 
mandatory system for reporting suspicious transactions to a financial 
intelligence unit, adequate customer identification provisions, and 
sufficient resources devoted to combating money laundering. Currently, 
Ukraine does not have a comprehensive anti-money laundering law that 
meets international standards. On the basis of Ukraine's lack of an 
adequate anti-money laundering regime, the FATF decided that counter-
measures should take effect on December 15, 2002, unless Ukraine 
enacted comprehensive legislation that meets international standards. 
On November 28, 2002, Ukraine's Supreme Council (Parliament) passed a 
Law on Prevention and Counteraction of the Legalization (Laundering) of 
the Proceeds from Crime, and the President of Ukraine signed the Law on 
December 7. Notwithstanding this new legislation, the system for 
reporting suspicious transactions remains so constrained as to be 
virtually ineffective. Additionally, the statute contains contradictory 
language regarding the ability of Ukraine's financial intelligence unit 
to share information with law enforcement. Thus, the unit's authority 
to fulfill this fundamental responsibility remains very much in doubt. 
Having analyzed the legislation, FATF has determined it to be 
inadequate and has called on its members to apply counter-measures.
    On the basis of FATF's determination, an evaluation of the factors 
set forth in section 311 and the appropriate consultations, the 
Secretary has determined reasonable grounds exist for concluding that 
Ukraine is a ``primary money laundering concern.'' Furthermore, unless 
Ukraine demonstrates that it has taken proactive steps to address the 
concerns giving rise to its designation, Treasury anticipates issuing a 
notice of proposed rule making, subsequent to this designation, 
concurrent with an order imposing actions under special measures one 
through four for a period of 120 days. While this order is in effect, 
the imposition of a final rule imposing these measures would be 
evaluated. There are two measures under consideration by Treasury. U.S. 
financial institutions would be required to identify and record the 
nominal or beneficial owners of accounts with any one of the following 
characteristics: (1) The accountholder has an address in Ukraine; (2) 
$50,000 or more is transferred from a U.S. account into an account in 
the Ukraine; or (3) $50,000 or more is transferred from an account in 
the Ukraine into a U.S. account. A broader requirement would require 
U.S. financial institutions to identify and record the beneficial 
owners involved in a financial transaction that is captured 
electronically and that is over $50,000.

V. Designation of Nauru and Ukraine as Primary Money Laundering 
Concerns

    By virtue of the authority vested in me as Under Secretary of the 
Treasury, including section 5318A of title 31, United States Code, for 
the foregoing reasons I hereby designate the countries of Nauru and 
Ukraine as ``primary money laundering concerns'' for purposes of 
section 5318A of title 31, United States Code.


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    Dated: December 20, 2002.
Jimmy Gurul[eacute],
Under Secretary of the Treasury.
Richard S. Carro,
Senior Advisory to the General Counsel, (Regulatory Affairs).

Appendix A

    The following is a list of financial institutions believed to be 
licensed by Nauru. It is not intended to be an exhaustive list, and 
the requirement to terminate correspondent relationships will apply 
to all Nauru institutions, not just those on this list.
    Certain Nauru institutions on this list are known to bear a name 
resembling that of an unrelated U.S. regulated institution or of an 
international organization. In addition, there may be other entities 
unrelated to the Nauru institutions with similar or identical names. 
As such, financial institutions should not assume that any 
institution that they may encounter with a name similar or identical 
to any entity on this list, is in fact, related to any Nauru entity 
without additional inquiry.

NAURU-Registered Banks

Access Bank International Ltd.
Adriatica Bank.
Agro Trust Bank, Inc.
Ako Bank (A.K.A. Akobank/Ako-Bank/Akkobank) Corp.
Alliance Bank (possibly A.K.A. European Credit Alliance Bank, Inc.).
Amoko Bank Corporation.
Apollo Bank, Inc.
Ardex International Bank.
Atlantic Capital Trust PLC.
Augusta Bank Corp.
Babylon Bank Corp.
Baltic Pacific Bank.
Bank for International Settlements Corp. (A.K.A. Bis Corp.).
Bank of the Nations.
Bank Thalia.
Bartang Bank and Trust, Inc.
Benmore Union Bank.
Business Mediterranean Bank.
Capital Bank Inc.
Capital International Bank Ltd. Corp.
Caribbean Unified Bank.
Carlton Bank Trust Inc.
Cassaf Bank Corp. (A.K.A. Casaf, Kasaf).
Central Pacific Bank.
Central Pacific National Bank.
Chierici Bank.
City Trading Bank, Inc.
Cometa Bank (A.K.A. Kometa).
Commercial Intercontinental Bank, Inc.
Commex Bank.
Communication Pacific Bank Corp.
Continental Assets, Ltd.
Cortex Bank of London.
CP Bank.
Creditbankinc (A.K.A. Credit Bank Inc.).
Crystal Merchant Bank.
Diffusion (A.K.A. Diffusion Finance) Bank, Inc.
Dom Mitra Bank (A.K.A. Dom Mitra National).
Doris Bank.
East and Central Asian Bankers Trust, Inc.
East Investment Bank Corp.
Eastock Bank (A.K.A. Eastok).
East-West International Bank S.A.
Ecumene Bank, Inc. (A.K.A. Ecumene Bank Ltd.).
Elmstone Bank, Inc.
Energy Capital Bank S.A.
Euro-American Bank.
Euro-Atlantic Bank Corp. (A.K.A. Euro-Atlantik).
Euro Capital Bank Inc.
Euro-Central Investment Bank, Inc.
Euro-Nord Bank Corp.
European Credit Alliance Bank, Inc. (A.K.A. ECAB)(possibly A.K.A. 
Alliance Bank).
European Overseas Bank Incorporated.
Exchange Bank and Trust.
Export and Import Bank Corp. (A.K.A. EXIM).
Federal Commercial Bank.
Fidelity International Bank, Inc.
Financial Continent Bank, Inc.
First American International Bank.
First Capital Bank.
First Credit and Trade Bank.
First European Charter Bank, Inc.
First Fidelity Bank, Inc.
First Financial Security Bank, Inc.
First International Bank.
First Investment Bank.
First Republic Bank of Nauru.
First Sky Bank Corp.
First Southern Banking Corp.
First Southern Bank of Nauru.
First Trading Bank Corp. (A.K.A. First Trading Bank Inc.).
Founders Bank Ltd.
General Europe Bank Inc.
Global Heritage Bank.
Global Market Development Bank.
Global Specialty Bank.
Greater International Bank of Nauru (A.K.A. Greater International 
Bank Corp.).
Guardian Bank Corp.
Guardian Banking Corp.
Hampshire Bank and Trust Inc. (A.K.A. H-Bank).
Harmony Investment Bank, Inc.
IMRI Credit Bank, Inc.
Info Assets Management Bank Corp.
Innovation Development Bank.
Intercredit Bank (A.K.A. Interkredit Bank).
Inter Development Bank.
International Bank for Economic Affairs Corp.
International Cassaf Bank.
International Commercial Bank Corp. (A.K.A. International Commercial 
Banking Corp.) (possibly A.K.A. International Commerce Bank Corp.).
International Exchange Bank.
International Industrial and Investment Bank, Inc.
International Metal Trading Bank (A.K.A. IMTB).
International Overseas Bank, Inc. (A.K.A. Interoverseas Bank).
International Prime Bank Corp.
International Trade and Finance Bank Corp.
International Treasury Banking Corporation, Inc.
Intertrust Credit (A.K.A. Intertrust and Credit) Bank.
Investment Bank of London Inc.
Jefferson Bank and Trust Inc.
Liberty International Bank and Trust.
Maritime Pacific Bank, Inc.
Mars Bank.
MC Bank.
Mediterranean International Bank Corp.
Merchant Deposit Bank Corp.
Meridian Merchants Bank, Inc.
MFC Bank Ltd.
Millenium Bank Corp.
National Commerce Bank Inc.
Nations Bank.
Nations Trust Bank.
Nistru Bank, Inc.
Nord-West Investment Bank, Inc.
Northern Security Bank.
North-West Bank, Inc.
NR Bank.
NTBank.
Pam Bank.
Panacea Bank and Trust.
Panin Bank International.
Pioneer (A.K.A. Pioner) Invest Bank.
Prime International Bank.
Private Finance Bank and Trust, Inc.
Ram Bank.
Reconversion and Development Bank (A.K.A. RDB-Bank).
Republic and Commercial Bank, Inc.
Rockland Bank.
Royal Meridian International Bank Inc.
Russian Clearing and Commercial Bank, Inc.
SCB Bank.
Sinex Bank.
South Pacific Commercial Bank.
Sovereign Allied Bank.
Sprint Bank, Inc.
Standard Capital Bank Corp.
Standard Hellier Bank Inc.
Standard Investments Bank, Inc.
Sterling International Bank, Inc.
Supreme Banking Corporation.
Swiss American Bank.
Swiss Trading Bank, Inc.
Swiss Union Bank Corp.
T-Bank, Inc.
TOCA Bank.
Tower Bank.
Tridal Investment Bank, Inc.
Trust Investment Bank, Inc.
Trust Merchant Bank, Inc.
Unibank International, Inc.
Union Credit Bank, Inc.
Union Lombard Bank and Trust Corp.
United Bank and Trust Company.
United Bank of Industry and Trade (A.K.A. UBIT Bank).
United Industrial Bank, Inc. (A.K.A. Uninbank, A.K.A. Unin Bank).
United West Bank (A.K.A. Unwest Bank), Inc.
Universal Bank.
Universal Baltic Bank Inc.
Universal European Bank, Inc. (A.K.A. Unieurobank).
Veksmarkbank.
Westerhall Private Bank.
Westock (A.K.A. Westok) Bank.
White Knight Merchant Bank.
[FR Doc. 02-32571 Filed 12-20-02; 3:54 pm]
BILLING CODE 4810-25-P