Regulators identified “significant deficiencies” in how the American Express' enterprise-wide anti-money laundering program was implemented, in particular at the firm’s subsidiary national bank.

The bureau also issued a cease-and-desist order, citing deficiencies in the bank’s BSA and AML compliance programme.

In early October 2026, U.S. banking regulators, including the Federal Reserve and the OCC, issued enforcement actions and a ...

M for deficiencies in the bank's Bank Secrecy Act and anti-money laundering, or BSA/AML, compliance program, according to a statement on Thursday. The Federal Reserve Board and the Office of the ...

The Office of the Comptroller of the Currency and the U.S. Federal Reserve Board (FRB) each took enforcement action against ...

An AML program is only as strong as its weakest pillar. Internal controls can look airtight. Compliance officers can be seasoned. Training can be thorough. But if the independent audit is weak, ...

Credit card giant American Express ($AXP) has been fined $350 million for having insufficient anti-money laundering controls.

On April 7, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a long-awaited new Notice of Proposed Rulemaking (NPRM or Proposed Rule) substantially ...

Integrated payments technology company American Express Co. ( AXP) has been hit with a $350 million fine for deficiencies in its affiliated bank's Bank Secrecy Act or BSA and anti-money laundering or ...

In Hollywood, money launderers tend to operate in an audience-friendly way, but reality is far more unstable and complex. The gritty truth is that the intense complexity and fluid nature of money ...