Amex dinged by Fed, OCC; must pay $350M for AML failures
regtechGlobal

Amex dinged by Fed, OCC; must pay $350M for AML failures

Banking DiveRead original ↗

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

Amex dinged by Fed, OCC; must pay $350M for AML failures