FINMA Slaps JPMorgan’s Hand over 1MDB Scandal

Posted on 12/21/2017

The Swiss Financial Market Supervisory Authority (FINMA) stated the Swiss unit of JPMorgan Chase & Co. seriously breached anti-money laundering rules relating to 1Malaysia Development Bhd (1MDB), the Malaysian sovereign investor that lies in the middle of a worldwide embezzlement scandal. FINMA commented that J.P Morgan’s unit failed to adequately identify the increased money laundering […]

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