American Express was fined $350 million by regulators for anti-money laundering failures, missing $13 billion in suspicious transactions over 11 years

American Express (AXP) was fined $350m by US regulators for inadequate AML controls, allowing $13bn in suspected illicit activity. The OCC found systemic failures in monitoring and reporting. AXP must overhaul its AML framework and accepted the orders without admitting fault. The penalty won't affect its 2026-2027 financial guidance. Shares fell 0.3% premarket.

American Express National Bank was fined $350m by the OCC for inadequate anti-money laundering controls. The OCC cited deficiencies in the bank's compliance program, including insufficient resources, weak internal controls, and failures in monitoring and reporting. The penalty will go to the US Treasury. According to the OCC, the bank failed to identify and report around $13bn of suspected trade-based money laundering activity over the past decade.

American Express was fined $350 million by US regulators for AML compliance failures, including inadequate resources and weak internal controls. The OCC cited systemic breakdowns that led to unreported suspicious activity totaling $13 billion. American Express did not admit or deny the findings but committed to addressing the issues. The company expects the penalty and related costs to not impact its 2026 and 2027 financial guidance.

American Express (AXP) closed at $308.17 on Oct. 9, below key EMAs (20: $309.90, 50: $319.53, 200: $326.66). Daily RSI14 was 42.59, and MACD was -5.47. The OCC fined American Express National Bank $350M for AML compliance failures. The company launched a new Amex Corporate platform on Sept. 30.

American Express National Bank was fined $350m by the OCC for anti-money laundering and Bank Secrecy Act control weaknesses. The OCC and Federal Reserve also issued enforcement actions, citing inadequate risk assessments and compliance failures. The bank must submit a remediation plan and appoint an independent reviewer. CEO Stephen Squeri acknowledged further work is needed.

American Express National Bank was fined $350 million by the US OCC for anti-money laundering failures, including inadequate monitoring of $13 billion in suspicious activity from 2014 to 2025. The bank must improve its compliance program. American Express shares fell 2% in after-hours trading. The penalty was reserved in prior periods and won't impact 2026 financial guidance, according to the company.