American Express agrees to $350 million OCC penalty to settle financial-crimes compliance reviews

American Express has settled bank regulators' reviews of its financial crimes compliance program, with its bank unit agreeing to pay a $350 million civil money penalty, the company said in a regulatory filing Thursday.

On Oct. 8, American Express and American Express Travel Related Services consented to an order from the Federal Reserve Board, while American Express National Bank consented to a separate order from the Office of the Comptroller of the Currency. The bank agreed to pay the $350 million penalty to the OCC.

The company said the orders resolve "previously disclosed reviews" by banking regulators of certain aspects of the compliance program.

For investors, the filing drew three lines around the cost. American Express said a portion of the penalty was reserved for in prior periods and that it does not affect the full-year 2026 guidance the company previously provided.

The consent orders also do not impose an asset cap on the company, according to the filing. And American Express said it does not expect the costs of meeting the orders' requirements to affect its 2027 guidance.

By the numbers

• $350 million: civil money penalty payable to the OCC by American Express National Bank
• 2: consent orders, one from the Federal Reserve Board and one from the OCC
• No asset cap imposed
• 2026 guidance: not affected, per the company

Sources

1. American Express Company, Form 8-K (Item 7.01), filed Oct. 8, 2026, accession 0000004962-26-000376

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