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American multinational financial services corporation
American Express Company (Amex) is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan; in 2026, the company announced that it would develop and be the sole occupant of the new 2 World Trade Center skyscraper in the nearby World Trade Center complex.
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The bureau also issued a cease-and-desist order, citing deficiencies in the bank’s BSA and AML compliance programme.
The OCC and Federal Reserve found gaps in American Express’s AML controls, citing around USD 13 billion in missed suspicious activity.
American Express National Bank faces a $350 million OCC fine over anti-money laundering failures involving $13B in suspicious transactions.