Federal Reserve 新闻公告·· 23d ago
Federal Reserve takes enforcement action against American Express for AML deficiencies
Original source: Federal Reserve 新闻公告Read original
AI brief
The Federal Reserve Board announced an enforcement action against American Express Company because of its failure to sufficiently detect and report certain suspicious activity related to money laundering. The Board also identified significant deficiencies in the firm's enterprise-wide anti-money laundering program, particularly at its subsidiary national bank, which the Office of the Comptroller of the Currency has issued a separate enforcement action against.
Source: Federal Reserve 新闻公告 · federalreserve.gov