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NewEconomyReported 2026-10-09 04:30

Federal Reserve Board fines American Express for anti-money laundering failures

The Federal Reserve Board has fined American Express for failing to detect and report suspicious money laundering activities, citing deficiencies in the firm's anti-money laundering program.

Why it matters. American Express and its subsidiary bank will need to improve their compliance to avoid further penalties, impacting financial services regulations and standards.

01

Who it touches

  1. 1American Express
  2. ← sanctionsFact
    2Board of Governors of the Federal Reserve SystemOrganization
  3. serves →Fact
    3consumersMarket
  4. ← partners withFact
    4Delta Air LinesCompany
  5. ← sanctionsFact
    5Federal Reserve BoardGovernment
  6. ← sanctionsFact
    6Federal Reserve BoardOrganization
02

Evidence

  • FFederal Reserve press releasesRegulator2026-10-09 04:30
    The Federal Reserve Board on Thursday announced an enforcement action against American Express Company to address, among other things, the firm's failure to sufficiently detect and report certain suspicious activity related to money laundering.
    View source