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American Express Gets $350 Mln Fine For Lapses In Anti-money Laundering Compliance Program
Source: Nasdaq
Regulation & LegislationLegal & LitigationBanking & LiquidityFintech
American Express was hit with a $350 million fine over deficiencies in its affiliated bank’s Bank Secrecy Act and anti-money-laundering compliance program. The report concerns the affiliated bank’s compliance deficiencies; it does not specify any broader findings about all American Express operations.
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