Finextra

Amex hit with $350m penalty for AML deficiencies

The Office of the Comptroller of the Currency (OCC), the main banking regulator in the US, has issued a $350m civil money penalty against American Express National Bank for deficiencies in its anti-money laundering (AML) and bank secrecy act (BSA) processes.

By Finextra

1 min read
Amex hit with $350m penalty for AML deficiencies
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