JPMorgan Chase’s compliance with US anti-money laundering laws is being reviewed by a banking regulator, a source said, making the largest US bank the latest target of a wide investigation of how banks prevent transactions involving drug money and sanctioned countries.
The Office of the Comptroller of the Currency, an independent branch within the Treasury Department, is examining JPMorgan’s systems that are designed to monitor and filter such transactions, said the source, who is familiar with the situation.
via Business feed http://www.scmp.com/business/banking-finance/article/1038239/jpmorgan-faces-money-laundering-probe
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