American Express Hit With $350 Million OCC Penalty Over Anti-Money-Laundering Failures
Despite decades of regulatory reforms, billions of dollars-worth of collective enforcement actions and the arrival of increasingly sophisticated financial surveillance systems to the realm of mainstream finance, anti-money-laundering and counter-terrorism financing (AML/CFT) failures continue to persist both domestically and abroad, creating vulnerabilities for all parties operating across international banking sector and allowing illicit funds to […]
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