American Express Fined $350M By U.S. Office Of The Comptroller Of The Currency Over Alleged Deficiencies

American Express Co. has been fined $350 million by the U.S. Office of the Comptroller of the Currency (OCC) following an examination of the company's Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance programs.

The OCC cited deficiencies in the company's systems and processes designed to detect and report suspicious activity and prevent money laundering. The agency stated that the findings from the examination were communicated to the company.

The OCC is the primary federal regulator of national banks and federal savings associations. The enforcement action was reported on October 8, 2026.