American Express fined $350 million over anti-money laundering controls
American Express (AXP) was fined $350 million by U.S. regulators over insufficient anti-money laundering controls, according to the Office of the Comptroller of the Currency and the Federal Reserve.
S. after regulators said it had insufficient anti-money laundering controls in place. S. Office of the Comptroller of the Currency (OCC) and the Federal Reserve announced the fine, saying American Express failed to maintain sufficient anti-money laundering controls.