Discover 2010 Annual Report Download - page 30

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processes to detect and report suspicious transactions, perform customer due diligence, and meet all recordkeeping and
reporting requirements related to particular transactions involving currency or monetary instruments. The program is
coordinated by a compliance officer and undergoes an annual, independent audit to assess its effectiveness.
Sanctions Programs
We have a program designed to comply with applicable economic and trade sanctions programs, including those
administered and enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control. These sanctions are
usually targeted against foreign countries, terrorists, international narcotics traffickers and those believed to be involved in
the proliferation of weapons of mass destruction. These regulations generally require either the blocking of accounts or
other property of specified individuals, entities or individuals, but they may also require the rejection of certain
transactions involving specified individuals, entities or individuals. We maintain policies, procedures and other internal
controls designed to comply with these sanctions programs.
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