Monday, September 17, 2012

MONEY-LAUNDERING: JP MORGAN CHASE, BANK OF AMERICA, OTHERS UNDER INVESTIGATION

The national general law practice law firm of Charles Jerome Ware, P.A., Attorneys and Counsellors, is: "Still working. Still committed. Still here to make a difference".

Wall Street giants JP Morgan Chase & Company, Bank of America, and other major banks in the U.S. are under investigation by Federal and state regulators, including the Office of the Comptroller of the Currency, for alleged failure to comply with U.S. anti-money laundering laws.

Cease and desist orders will probably be issued against several banks soon for their alleged insufficient safeguards to prevent money-laundering, thus enabling drug dealers and terrorists to launder tainted money.

[The New York Times, Business Day, p. B1, Saturday, 9/15/2012; www.reuters.com/article/2012/09/15/JP Morgan Faces Money Laundering Probe; www.huffingtonpost.com/9/17/2012, Money Laundering Prove, JP Morgan Chase, Bank of America: Report]

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