Violation Tracker Individual Record

Company: 
American Express Bank International
Current Parent Company: 
American Express
Penalty: 
$55,000,000
Year: 
2007
Date: 
August 6, 2007
Offense Group: 
financial offenses
Primary Offense: 
anti-money-laundering deficiencies
Violation Description: 

American Express Bank International entered into a deferred prosecution agreement on charges of failing to maintain an effective anti-money laundering program and agreed to forfeit $55 million to the U.S. government.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.