Cease and desist order against Dresdner Bank

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Cease and desist order against Dresdner Bank

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The following press release was published by the Board of Governors of the Federal Reserve System on Nov. 13, 2008. It is reproduced in full below.

The Federal Reserve Board and the New York State Banking Department on Thursday announced the issuance of a consent Cease and Desist Order against Dresdner Bank AG, Frankfurt, Germany and the bank's branch in New York, New York.

The Order addresses Bank Secrecy Act and anti-money laundering compliance policies and practices at Dresdner Bank AG's New York branch.

A copy of the Order is attached.

Source: Board of Governors of the Federal Reserve System

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