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Federal Reserve Board Announces Enforcement Action Against American Express

Federal Reserve +4 ·

AXP American Express Co
$308.10 +1.27%
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  1. 1The Federal Reserve Board announced enforcement action against American Express on Thursday.
  2. 2American Express failed to adequately detect and report certain suspicious activities related to money laundering.
  3. 3The Office of the Comptroller of the Currency issued separate enforcement action against American Express's subsidiary, National Bank.

So what's the key point?

The Federal Reserve Board announced enforcement action against American Express on Thursday.

Source Federal Reserve +4 · View original ↗

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