Tuesday, August 7, 2007

American Express Bank International Gets Deferred Prosecution Agreement

According to a DOJ Press Release, American Express International has landed a deferred prosecution agreement with the government.  The alleged charges were a failure to have an effective anti-money laundering program and the government will be 55 million richer as a result of this settlement, and that's without even mentioning civil penalties. The government will dismiss the charge against the company if "the bank fully implements significant anti-money laundering measures required by the agreement."

(esp)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2007/08/american-expres.html

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