Finding of Violation issued to American Express Travel Related Services Company by the U.S. Department of the Treasury’s Office of Foreign Assets Control

U.S. Department of the Treasury sent this bulletin at 04/30/2020 11:33 AM EDT

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Finding of Violation issued to American Express Travel Related Services Company by the U.S. Department of the Treasury’s Office of Foreign Assets Control

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued a Finding of Violation to American Express Travel Related Services Company (“Amex”) for violations of the Weapons of Mass Destruction Proliferators Sanctions Regulations, 31 C.F.R. Part 544. OFAC found that Amex issued a prepaid card to, and processed 41 transactions totaling $35,246.82 on behalf of, Gerhard Wisser, a Specially Designated National (SDN). These violations were the result of human error and screening system defects. Amex remediated and disclosed the violations to OFAC. There is no monetary penalty associated with a Finding of Violation.

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