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Alert 2016-10
Description: JS Cruiselines Federal Bank

Unauthorized Banking: JS Cruiselines Federal Bank, Tampa, Fla.

To: Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, 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 Counsels; and All Examining Personnel

The Office of the Comptroller of the Currency (OCC) has been informed that an entity calling itself JS Cruiselines Federal Bank purports to be a bank specializing in travel funding. JS Cruiselines Federal Bank is not a licensed or chartered bank with the OCC or any other financial regulator. 12 USC 378(a)(2) makes it unlawful for any person or business entity to engage in the banking business without the appropriate state or federal charter. 18 USC 709 bans the use of the word “Federal,” among other words, in the name of a banking business except as explicitly permitted by the laws of the United States.

The entity is controlled by Lejuan Sims, who purports to have a business address location of 601 N. Ashley Drive, Suite 1100, Tampa, FL 33602 and a business telephone number of (813) 422-7644.

Additional information concerning this matter that should be brought to the OCC’s attention may be forwarded to:

Office of the Comptroller of the Currency
Special Supervision Division
400 7th St. SW, Suite 3E-218; MS 8E-12
Washington, DC 20219
Phone: (202) 649-6450
Fax: (571) 293-4925
www.occ.gov
occalertresponses@occ.treas.gov
 

Ellen M. Warwick
Director for Enforcement and Compliance