https://www.live-feeds.com/feed/occ-fed-tag-amex-with-350-million-penaltyContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/occ-fed-tag-amex-with-350-million-penaltyhttps://www.live-feeds.com/feed/occ-fed-tag-amex-with-350-million-penalty#u118771Mon, 12 Oct 2026 23:21:19 +0000American Express National Bank has been fined $350 million by the OCC and Fed for deficiencies in its anti-money laundering (AML) compliance program. Regulators identified significant deficiencies in how the company's enterprise-wide AML program was implemented, particularly at its national bank subsidiary. The penalty is related to $13 billion in suspected trade-based laundering. The bank must overhaul its AML controls and face group-wide reforms covering monitoring, board oversight, sanctions controls, and accountability for former personnel.Why it mattersThis fine signals tighter compl