🚨 AMERICAN EXPRESS JUST GOT HIT WITH A $350 MILLION FINE FOR LETTING ABOUT $13 BILLION IN SUSPECTED MONEY LAUNDERING SLIP THROUGH

According to the OCC, for nearly 11 years (June 2014 to May 2025), Amex’s monitoring systems failed to detect and report suspicious transactions tied to trade-based money laundering in a timely manner.

This wasn’t a one-off incident. It was systemic: weak internal controls, staffing shortages, and flawed risk assessments.

On the same day, the Fed issued a separate enforcement action against American Express and a related entity.

Amex agreed to the order without admitting or denying the regulator’s findings. The company said part of the penalty was already reserved in prior periods and won’t affect its 2026 financial guidance.

🔗 https://x.com/CryptoThreadsX/status/2108440716456423511

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