Alert 2005-10
ALERT  

Subject:      Unauthorized Banking         
Description:  Gulf International Bank Group and Gulf Aviation

Date:         May 20, 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:  Gulf International Bank Group, Bahrain and Dubai, and Gulf
     Aviation International, Ltd., Philadelphia, PA

     Gulf International Bank, B.S.C., Bahrain (GIB) has informed
     the Office of the Comptroller of the Currency (OCC) that the
     above-listed entities are falsely representing that they are
     affiliated with GIB, its federal branch in New York City, or
     with Gulf International Bank (UK) Limited, London, England.
     In addition, GIB has advised that references appearing on
     Internet Web sites claiming that GIB or its affiliates are
     involved in certain aircraft financing transactions are
     false.
     
     Any information or questions that you may have concerning
     this matter should be brought to the attention of:
     
                     Mr. Issa N. Baconi,
                     Executive Vice President, Branch Manager
                     Gulf International Bank
                     330 Madison Avenue
                     New York, NY 10017
                     Telephone:  (212) 922-2310
                     Fax:  (212) 922-2312
               
     Any additional information concerning this matter that you
     believe 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