Regulatory Crackdown: American Express Hit with $350M Fine Over Anti-Money Laundering Failures
By Banking Dive Staff Updated October 8, 2026 In a major enforcement action that sends a sharp signal to the global financial sector, American Express (Amex) has been slapped with a $350 million civil money penalty and hit with concurrent cease-and-desist orders from the Office of the Comptroller of the Currency (OCC) and the Federal…
