Amex Fined $350M For Failing To Flag Suspected Money Laundering
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US regulator finds ‘systemic’ failures that left $13bn in suspicious transactions unreported.
The fine comes as part of a broader crackdown on financial institutions' compliance with anti-money laundering regulations.
American Express
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“US regulator finds ‘systemic’ failures that left $13bn in suspicious transactions unreported”
FT — Amex fined $350mn for failing to flag suspected money laundering