Skip to Content

Press Release
New York State Banking Department Lifts Order Against ABN AMRO Bank, N.V.
ABN AMRO Meets Required Anti-Money Laundering and Bank Secrecy Act Standards

September 12, 2008

New York, NY: The New York State Banking Department, along with the Board of Governor’s of the Federal Reserve System and the Illinois Department of Financial and Professional Regulation, today announced the lifting of a 2005 order to cease and desist issued upon consent with ABN AMRO Bank N.V.  

The order was entered into due to identified compliance weaknesses in the bank’s Anti-Money Laundering (AML) program, as well as Office of Foreign Asset Control (OFAC) and USA PATRIOT Act compliance issues. The order was lifted upon determination that ABN AMRO had addressed the issues.

 “We are glad to see that ABN has satisfactorily addressed the identified issues and encourage management to continue its actions in maintaining an effective compliance program,” said Richard H. Neiman, Superintendent of Banks for the State of New York.

The New York State Banking Department is the regulator for all state-chartered banking institutions, virtually 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

Order to issue a Direction Order to Cease and Desist Issued Upon Consent

Department of Financial Services


DFS Facebook page

Follow NYDFS on Twitter


Sign up online or download and mail in your application.