By Neil Roland ( October 8, 2026, 21:28 GMT | Insight) -- The American Express National Bank, one of the US’s largest credit and charge card issuers by transaction volume, was fined $350 million by the US Office of the Comptroller of the Currency for deficiencies in the bank’s Bank Secrecy Act and anti-money laundering compliance program. Concurrently, the bank’s American Express Co. and American Express Travel Related Services Co. were slapped with a cease-and-desist order by the US Federal Reserve, a sister federal oversight agency of the OCC.The American Express National Bank, one of the US’s largest credit and charge card issuers by transaction volume, was fined $350 million by the US Office of the Comptroller of the Currency for deficiencies in the bank’s Bank Secrecy Act and anti-money laundering compliance program....
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