American Express Stock Drops After $350 Million OCC AML Fine

By EC Assets · Published 9 October 2026

American Express stock declined after federal regulators imposed a significant penalty on the credit card giant. The Office of the Comptroller of the Currency (OCC) fined the bank $350 million. This fine addresses what federal regulators identified as widespread, systemic breakdowns in the company's money-laundering detection programs. American Express was hit with the $350 million penalty for "critical deficiencies" in its compliance program. These deficiencies led the company to miss approximately $13 billion of suspected money laundering activity. The fine follows findings of failures to flag suspected money laundering. The company operates under the ticker AXP. Investing.com reported on the stock's fall following the OCC fine. This article is intended for informational purposes only. It does not constitute investment advice.