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New York State Banking Department Announces Written Agreement with Brown Brothers Harriman & Co.

August 31, 2007

New York, NY: The New York State Banking Department today announced the execution of a Written Agreement with Brown Brothers Harriman & Co, New York, NY, effective immediately.

The Written Agreement addresses compliance with applicable federal and state rules and regulations relating to anti-money laundering and with the regulations of the Office of Foreign Assets Control (OFAC) in the Bank’s correspondent banking business and private banking services to non-U.S. persons.

Under the Written Agreement, Brown Brothers Harriman & Co has agreed to adopt enhanced policies, procedures, and processes with respect to internal controls, independent testing, compliance staffing, and suspicious activity reporting.

TheNew York State Banking Department is the regulator for all state-chartered banking institutions, nearly all of the United States offices of international banking institutions, all of the State’s mortgage brokers, mortgage bankers, check cashers, money transmitters and budget planners.  The aggregate assets of the depository institutions supervised by the Banking Department are more than $1.8 trillion.

In addition to regulating banking institutions, the Banking Department is active in informing and educating all New Yorkers on banking matters.  To contact the Banking Department, please call 1-877-BANK-NYS or visit our Web site at www.banking.state.ny.us.

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