https://www.live-feeds.com/feed/american-express-fined-350-million-for-inadequate-anti-money-laundering-controlsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/american-express-fined-350-million-for-inadequate-anti-money-laundering-controlshttps://www.live-feeds.com/feed/american-express-fined-350-million-for-inadequate-anti-money-laundering-controls#u117751Mon, 12 Oct 2026 10:26:20 +0000United States banking regulators have slapped American Express with a $350 million penalty over severe deficiencies in its anti-money laundering program. Federal authorities found that the lender failed to maintain adequate controls to detect and flag suspicious transactions, potentially leaving billions of dollars in illicit financial activity inadequately monitored over nearly eleven years. The Office of the Comptroller of the Currency and the Federal Reserve issued the enforcement actions. American Express stated that the massive penalty will not alter its near-term financial guidance.Why i