FDIC and verification codes (to unlock a bank account)

[anenro]

Greeting my fellow bloggers.
I have a question for those with FDIC and banking experience.

Here's the situation: 
When I worked for several banks, I learned the role of the FDIC. But, last week, I heard about the FDIC being involved in issuing insurance bonds on lending transactions. For confidentiality reasons, I will remove some of the key names, from the message we received from the president of an insurance brokerage firm, located in Switzerland.

Lending bank: A major bank located in Amsterdam (Netherlands)
Bank where the funds are blocked: A bank in Poland.
The client: From Mexico


Dear Mr. XXXXXXX,



Referred to your message; contents, subjects and matters are well received and I acknowledge your professionalism analysing each steps that had occurred from XXX to XXXX, XXX to XXXX and to XXXXX.  


Please note that I am fully consented and I am aware of every steps that has taken places even now the current Code matter that raised.



(NAME OF THE INSURANCE BROKERAGE) has not impact influenced the (NAME OF THE BANK WHERE THE FUNDS ARE BEING BLOCKED). The code was blocked by the FDIC and not (NAME OF THE INSURANCE BROKERAGE). The Major insurer for the Bond /Policy is FDIC reason because the it's cashback instrument that needed verification by the Beneficiary and FDIC only recognises just one principal beneficiary which is (NAME OF THE BANK ISSUING THE LOAN) The Beneficiary on its rules has verified the bond and has established lien it which means FDIC only recognises one code and on Beneficiary and understood the fund which has been guaranteed and collateralized by the bond is meant to be released at NAME OF THE BANK IN Amsterdam and not NAME OF THE BANK IN POLAND.



For this reason, a new code is needed to be generated by the FDIC and to update it on its system. This action will cost NAME OF THE INSURANCE BROKERAGE additional fee to the FDIC and for this fact, NAME OF THE INSURANCE BROKERAGE can only burn such fee from its balance which is expected from the bond Applicant Mr. NAME OF THE MEXICAN CLIENT.



I therefore confirm to you that I am fully aware of all invoices, payments and outstanding payment.



I can assure you that after the payment of the balance by Mr. NAME OF THE CLIENT, NAME OF THE INSURANCE BROKERAGE will be able to pay additional fee to the FDIC and I will personally release the code to you and continue to oversee all further activities henceforth for your comfort.



I further confirm to you that NAME OF THE BROKERAGE FIRM as your insurer and guarantor of the loan will make sure NAME OF THE BANK IN POLAND release Mr. NAME OF THE MEXICAN CLIENT account once the new code is submitted.



As the head of NAME OF THE BROKERAGE COMPANY I will volunteer to visit THE BANK IN POLAND with the code personally and I will be there until Mr. MEXICAN CLIENT'S NAME transfers are successful.



Should you need an invoice for the $XXX,000 balance please do let me know. I will sign the invoice personally and see to Mr. MEXICAN CLIENT'S transfers.



--

Respectfully,


NOTE: THE MEXICAN CLIENT HAS PAID TO THIS INSURANCE BROKERAGE FIRM OVER $400,000 IN WIRE TRANSFERS.

Any experts in FDIC rules and procedures? Can anyone comment?

[Sapphire Capital]

The International Banking Act (IBA) of 1978 amended the Federal Deposit Insurance Act and allowed the U.S. branches of foreign banks to apply for deposit insurance. Part 346 of the FDIC's Rules and Regulations and Section 28.8 of the Comptroller's Regulations implement the statute. But there is never an involvement of the FDIC as a government fall back insurance vehicle for outside the US. International involvement of the FDIC is described under www.fdic.gov/deposit/deposits/international/ and is restricted to the engagement of foreign international institutions and not private banks. There are US insurances, which support like US investors and investment overseas like the DFC www.dfc.gov/what-we-offer-our-products/political-risk-insurance but never the FDIC.
I firmly believe that your client lost 400k if he paid them and that it is a scam

[alefdracon]

www.fdic.gov/consumers/consumer/news/march2020.html

[congregatio]

There has been fraudulent use of almost all federal agencies name and position, back to basics, if people read FDIC it says immediately that securing outside the US loans or positions or interact with customers direct before the default of a bank is a No-No

[serragoosenburg]

I have seen verification codes from special purpose accounts that are held in the US in USD if the holding bank is not fdic insured and only wants to cover one specific account, rare and never above the usual limits,at a first look I would agree that its a scam

[anenro]

Jan 19, 2023 1:22:46 GMT 4 serragoosenburg said:

I have seen verification codes from special purpose accounts that are held in the US in USD if the holding bank is not fdic insured and only wants to cover one specific account, rare and never above the usual limits,at a first look I would agree that its a scam

I fully agree with your comments.