American Express hit with FRB, OCC consent orders over financial crimes compliance program
AXP•American Express received FRB and OCC consent orders over its financial crimes compliance program. The company said its full-year 2026 guidance is unchanged, no asset cap was imposed, and remediation costs are not expected to affect 2027 guidance.
1. Orders require remediation
The FRB and OCC orders followed reviews that flagged deficiencies American Express had previously disclosed and require the company to strengthen its controls. American Express said part of the civil money penalty was reserved in prior periods.
