The New York-based financial giant provided inaccurate tax advice to customers and potential customers on wire products primarily marketed at small and mid-size businesses, federal prosecutors

American Express has agreed to pay nearly $109 million in fines related to deceptive marketing and false account allegations, the Justice Department announced Thursday.

American Express has agreed to pay a $108.7 million civil penalty to resolve allegations it deceptively marketed credit card and wire transfer products, according to the Justice Department.