American Express Hit With $350m Penalty Over AML Failures

American Express National Bank was fined $350 million by the Office of the Comptroller of the Currency for significant anti-money laundering and Bank Secrecy Act compliance failures, including inadequate risk assessment of its card business and systemic deficiencies in customer due diligence and suspicious activity monitoring.

This Wire brief tracks American Express, and It sits within Fusion42's coverage of Fintech, and 3 sources have reported it between 9 Oct 2026 and 12 Oct 2026.