US probe into JPMorgan Chase focuses on the bank's monitoring processes: sources

A US regulatory probe of JPMorgan Chase & Co’s anti-money laundering systems is focusing on potential lapses in how the largest US bank monitors suspect money transactions, according to people familiar with the situation.

The probe appears to be focused on the systems and personnel that JPMorgan uses to safeguard against illicit money flows, the sources said, declining to be identified because they were not authorized to speak to the media.

One specific angle of the probe is how the bank’s systems were set up to review a high volume of suspect transactions.

via Business feed http://www.scmp.com/business/banking-finance/article/1038986/us-probe-jpmorgan-chase-focuses-banks-monitoring-processes