JP Morgan faces US order to fix compliance

A US regulatory probe of JP Morgan Chase is expected to result in an order that the bank correct lapses in how it polices suspect money flows, people familiar with the situation said.

The action would be in the form of a cease-and-desist order, which regulators use to force banks to improve compliance weaknesses, the sources said.

via Business feed http://www.scmp.com/business/banking-finance/article/1125884/jp-morgan-faces-us-order-fix-compliance