NEW YORK STATE BANKING DEPARTMENT NEW YORK, NEW YORKAmerican Express Co • August 7th, 2007 • Finance services
WHEREAS, the New York State Banking Department (“Department”) recently conducted an examination of American Express Bank, Ltd. (“Bank”) and determined that there are deficiencies in the Bank’s compliance with applicable federal and state laws, rules, and regulations relating to anti-money laundering (“AML”) policies, procedures, and practices, including the Bank Secrecy Act (“BSA”) (31 U.S.C.§ 5311 et seq.); the rules and regulations promulgated thereunder by the U.S. Department of the Treasury (31 C.F.R. Part 103); and those of the New York State Banking Department (the “Department”) (3 N.Y.C.R.R. Part 300) (collectively, “BSA/AML Requirements”);
UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF FLORIDA) Agreement • August 7th, 2007 • American Express Co • Finance services
