American Express National Bank fined $350M by OCC
- Amount
- $350,000,000
- Regulator
- OCC
- Office of the Comptroller of the Currency
- Date
- Country
- United States
- Bank
What happened
The OCC issued a cease-and-desist order and imposed a $350 million civil money penalty on American Express National Bank for deficiencies in its Bank Secrecy Act and anti-money laundering compliance program.
Violations
Controls that catch this
- Transaction Monitoring: scenario coverage, alert review and SAR workflow
- Customer risk assessment that blocks or escalates high-risk onboarding
- Case management with an audit trail for every decision
Sources
- Regulator's notice Official
-
Also reported by 7 outlets, tracked in
AML News Radar
- OCC Assesses $350 Million Civil Money Penalty Against American Express Office of the Comptroller of the Currency
- Amex fined $350mn for failing to flag suspected money laundering Financial Times
- Amex fined US$350 million for anti-money laundering lapses The Straits Times
- BREAKING: Amex Fined $350M Over Anti-Money Laundering Lapses Law360
- Amex dinged by Fed, OCC; must pay $350M for AML failures Banking Dive
- Amex hit with $350m penalty for AML deficiencies Finextra
- American Express hit with $350M penalty for lax BSA/AML compliance program Compliance Week
Doing business with American Express National Bank? Check the company and its owners against sanctions lists for free.
Run a sanctions checkRelated fines
| 13 Oct 2026 | Bank of America, N.A. | OCC | $750,000,000 |
Figures and summaries come from the regulator's published notice or, where noted, press reports. Penalties can be reduced, appealed or combined with other agencies' actions. Last reviewed by our compliance team: 27 Oct 2026.