Tag: company

October 08, 2026 WASHINGTON — The Federal Reserve Board on Thursday announced a formal enforcement action against American Express Company, citing significant compliance failures regarding the detection and reporting of suspicious financial activities tied to potential money laundering. The regulatory action, released late Thursday afternoon at 4:30 p.m. EDT, addresses what federal authorities described as…

WASHINGTON — In a regulatory development impacting one of the nation’s largest financial institutions, the Federal Reserve Board announced an enforcement action on Thursday against the American Express Company. The regulatory measure is designed to address a series of operational shortcomings, chief among them the firm’s failure to sufficiently detect and report certain suspicious financial…