Amex Hit With $350M AML Penalty: What Store Owners Do Next

Amex Hit With $350M AML Penalty: What Store Owners Do Next

American Express National Bank agreed Thursday to a $350 million penalty from the OCC over anti-money-laundering failures tied to about $13 billion in suspected trade-based money laundering. If you run ad spend, inventory and supplier payments through an Amex business card, that is your card issuer’s regulator saying its monitoring fell short. Nothing in the […]

Amex Hit With $350M AML Penalty: What Store Owners Do Next Read More »