Post by Sapphire Capital on Jul 10, 2008 21:49:59 GMT 4
Millenium Bank
Described by the bank itself at www.mlnbank.com/EN/homepage.htm with all following links on that webpage.
The bank is based in Kingstown, St. Vincent and it is an offshore bank offering only a very limited rage of banking services so far.
They offer mostly illiquid CD’s to attract depositors looking for a higher interest rate. Products are highly fixed on terms which are not negotiable.
United Trust of Switzerland as owner states to be from 1931, however in that capacity it has changed name and ownership and there fore no reliance on old history can be advised.
In the public domain there is a discussion about the bank at www.investmentinternational.com/productA/Millennium_Bank.htm
The website registration was including a
Organisation Name.... Millennium Financial Group
Organisation Address. 4030 Wake Forest Rd.
Organisation Address. Suite 300
Organisation Address. Raleigh
Organisation Address. 27607
Organisation Address. NC
Organisation Address. UNITED STATES
however they adjusted the registration to the St. Vincent address after the US regulators looked into the affair. They are still looking since the access numbers, including 800 numbers are all US based.
The Owner in Switzerland : United Trust of Switzerland SA describes itself at: www.utrust.ch/
A whois.net research shows that the registration does run through an attorney trust, which is mighty secretive handling when one looks at Swiss law and not very common.
Our advise within the network was: hands off do not engage.
Such advise results in our internal risk acceptance and every party engaging in business with any of the above needs to make his/her own due diligence and include counsel and advisors before making aby decision.
Described by the bank itself at www.mlnbank.com/EN/homepage.htm with all following links on that webpage.
The bank is based in Kingstown, St. Vincent and it is an offshore bank offering only a very limited rage of banking services so far.
They offer mostly illiquid CD’s to attract depositors looking for a higher interest rate. Products are highly fixed on terms which are not negotiable.
United Trust of Switzerland as owner states to be from 1931, however in that capacity it has changed name and ownership and there fore no reliance on old history can be advised.
In the public domain there is a discussion about the bank at www.investmentinternational.com/productA/Millennium_Bank.htm
The website registration was including a
Organisation Name.... Millennium Financial Group
Organisation Address. 4030 Wake Forest Rd.
Organisation Address. Suite 300
Organisation Address. Raleigh
Organisation Address. 27607
Organisation Address. NC
Organisation Address. UNITED STATES
however they adjusted the registration to the St. Vincent address after the US regulators looked into the affair. They are still looking since the access numbers, including 800 numbers are all US based.
The Owner in Switzerland : United Trust of Switzerland SA describes itself at: www.utrust.ch/
A whois.net research shows that the registration does run through an attorney trust, which is mighty secretive handling when one looks at Swiss law and not very common.
Our advise within the network was: hands off do not engage.
Such advise results in our internal risk acceptance and every party engaging in business with any of the above needs to make his/her own due diligence and include counsel and advisors before making aby decision.