Tag: american_express_national_bank
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OCC Fines Bank of America $750M and American Express $350M in October Enforcement Actions
The OCC's October 2026 enforcement actions include a $750 million penalty for Bank of America and $350 million for American Express over Bank Secrecy Act deficiencies, plus prohibitions against two bank employees.
BusinessLaw EnforcementBankingLegalFinancial Markets Office of the Comptroller of the CurrencyBank of AmericaAmerican Express National BankBank Secrecy Actcivil money penaltyorder of prohibitionembezzlementOffice of the Comptroller of the Currency (OCC)
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OCC Fines American Express National Bank $350 Million Over Anti-Money Laundering Failures
The OCC issued a cease-and-desist order and a $350 million penalty against American Express National Bank, citing BSA/AML program deficiencies and roughly $13 billion in unreported suspected activity.
BusinessLaw EnforcementPolitics and GovernmentUSABankingLegalFederal GovernmentFinancial Markets Office of the Comptroller of the CurrencyAmerican Express National BankBank Secrecy Actanti-money launderingcivil money penaltyJonathan Gouldtrade-based money launderingOffice of the Comptroller of the Currency (OCC)