Topic
American Express
2 articles
AML Compliance
AML compliance failures cost American Express $350 million
The OCC fined American Express National Bank $350 million over BSA and AML failures tied to about $13 billion of suspected laundering; the Fed issued an order.
Resolution Planning
Comptroller opposes American Express resolution plan feedback
Comptroller Jonathan Gould voted against joint FDIC and Fed resolution plan feedback for American Express and urged ending 165(d) plans below $250 billion.