Fed Issues Enforcement Action Against American Express Over AML Failures

Key Facts

1The Federal Reserve Board announced an enforcement action against American Express Company for failing to sufficiently detect and report suspicious activity related to money laundering.

The Federal Reserve Board announced an enforcement action against American Express Company for failing to sufficiently detect and report suspicious activity related to money laundering. According to a statement from the Federal Reserve, significant deficiencies were identified in the implementation of the firm's enterprise-wide anti-money laundering program, particularly at its subsidiary national bank. The action is intended to ensure the firm operates in compliance with all U.S. laws and regulations.

AXP closed at $304.25 on October 7, 2026, prior to the announcement of the regulatory action. On the same date, Visa closed at $372.1 and Mastercard closed at $570.06. This regulatory move coincides with a separate enforcement action issued by the Office of the Comptroller of the Currency against the firm's national bank to address similar systemic deficiencies.