Federal Reserve takes enforcement action against American Express, citing inadequate identification and reporting of money laundering-related suspicious activity
Federal Reserve took enforcement action against American Express, stating that it failed to adequately identify and report certain suspicious activities related to money laundering. Federal Reserve also found significant deficiencies in the implementation of its enterprise-wide AML program, particularly involving its national bank; OCC has taken separate enforcement action against the bank.
推荐理由：The enforcement action involves both suspicious activity monitoring and reporting and the execution of an enterprise-wide AML program, highlighting Federal Reserve’s specific areas of concern regarding anti-money laundering management at banking groups.