UPDATE 2-American Express fined $350 million for insufficient anti-money laundering program

2

(Updates with CEO statement in paragraphs 7-9) * OCC says lender failed to identify, evaluate and report roughly $13 billion in suspicious activity * OCC cites insufficient resources, inexperienced

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)