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WASHINGTON — Last week the Federal Reserve Board and Treasury’s Financial Crimes Enforcement Network announced a $65 million assessment against American Express Bank International and American Express Travel Related Services Company, Inc. for Bank Secrecy Act violations.

The Fed and FinCEN assessed $20 million in civil penalties against AEBI plus another $5 million for its travel company. The orders were coordinated with the Department of Justice, which is announcing a deferred prosecution agreement with AEBI in connection with charges that the company failed to maintain an anti-money laundering program. AEBI will forfeit $55 million to the United States to settle the Department’s forfeiture claims.

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