American Express

Rule Changes

Consented to both orders; facing 90-day deadline to file compliance plans with the Fed

American Express National Bank agreed to pay a $350 million fine and overhaul its anti-money-laundering program after regulators found it processed roughly $13 billion in suspected trade-based money laundering from June 2014 to May 2025. The Office of the Comptroller of the Currency (OCC) issued a cease-and-desist order against the bank, while the Federal Reserve ordered parent companies American Express Co. and American Express Travel Related Services to fix financial-crimes risk management company-wide.

Updated Oct 25