OCC Announces Enforcement Actions for October 2026 — 2026-10-22

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions for October 2026. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the deficient practices or violations identified. Actions taken against banks are: Cease and Desist Order and Civil Money Penalty against American Express National Bank, Sandy, Utah, for deficiencies in the bank’s Bank Secrecy Act compliance program, failure to timely file suspicious activity reports, and customer due diligence and customer identification program violations. The assessed civil money penalty is $350 million. Refer to OCC News Release 2026-87. (Docket No. AA-ENF-2026-46 and AA-ENF-2026-47). Civil Money Penalty against Bank of America, National Association, Charlotte, North Carolina, for deficiencies in the bank’s Bank Secrecy Act compliance program, failure to timely file suspicious activity reports, and sending wires with inaccurate transmittor name information. The assessed civil money penalty is $750 million.