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Violation Tracker Individual Record

Company: American Express Company
Current Parent Company: American Express
Penalty: $138,396,000
Year: 2025
Date: January 16, 2025
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Credit Card Issuer Abuses
Violation Description: American Express Company entered into a non-prosecution agreement (NPA) with the U.S. Attorney's Office for the Eastern District of New York and agreed to pay more than $138 million for engaging in sales practices that provided inaccurate tax advice to customers and potential customers of AMEX for two wire products, Payroll Rewards and Premium Wire. Under the terms of the NPA, AMEX agreed to pay a criminal fine of $77,696,000 and forfeit a total of $60,700,000. The NPA requires AMEX to continue to cooperate with and provide information to the Office for at least the 36-month term of the agreement. In the event that AMEX violates the NPA, the Office may prosecute AMEX for any of the conduct that gave rise to the NPA and any newly discovered criminal activity.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Eastern District of New York
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.