American Express fined $350 million for AML weaknesses
The U.S. Treasury Department’s Office of the Comptroller of the Currency fined American Express $350 million for failing to comply with federal bank secrecy and anti-money laundering rules.
American Express is facing a $350 million fine from the Treasury Department's Office of the Comptroller of the Currency for failing to comply with federal bank secrecy and anti-money laundering rules. The deficiencies included inadequate resources, including staff without…