Economy

Federal Reserve Board announces enforcement action against American Express Company to address, among other things, the firm’s failure to sufficiently detect and report certain suspicious activity related to money laundering

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Briefings

The Federal Reserve Board issued an enforcement action against American Express Company on October 8, 2026, specifically targeting its failure to detect and report suspicious activity related to money laundering. This regulatory penalty represents a formal sanction for non-compliance with financial reporting standards.

Key points

• The Federal Reserve Board issued an enforcement action against American Express Company on October 8, 2026, for failing to sufficiently detect and report suspicious activity related to money laundering.

Context and limitations

This briefing covers only the announcement of the enforcement action; it does not include details on the specific amount of fines, the number of cases investigated, or the timeline of the investigation.

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