OCC · announcement · urgent
OCC: $350M penalty against American Express National Bank for BSA/AML deficienc
The OCC issued a cease-and-desist order and $350 million civil money penalty to American Express National Bank, Sandy, Utah for deficiencies in its Bank Secrecy Act and anti-money laundering compliance program.
- Agency
- OCC
- Jurisdiction
- US-FED
- Action type
- announcement
- Severity
- urgent — penalty-bearing, effective immediately, or a serious health hazard
- Published
- Recorded
- Tags
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