Report: US banks subject of money-laundering probe

Report: US banks subject of money-laundering probe

The Associated Press
Published Sep 16, 2012 05:45PM MDT
New York • Regulators are investigating whether several major U.S. banks failed to monitor transactions properly, allowing criminals to launder money, according to a New York Times story. The newspaper cited officials who it said spoke on the condition of anonymity. The Office of the Comptroller of the Currency, the federal agency that oversees the biggest banks, is leading the money-laundering investigation, according to the Times. The report said the OCC could soon take action against JPMorga...
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