Some big banks eyed in drug, terror money laundering – Democratic Underground

Source: New York Times/MSNBC

Federal and state authorities are investigating a handful of major American banks for failing to monitor cash transactions in and out of their branches, a lapse that may have enabled drug dealers and terrorists to launder tainted money, according to officials who spoke on the condition of anonymity.

These officials say they are beginning one of the most aggressive crackdowns on money-laundering in decades, intended to send a signal to the nation’s biggest banks that weak compliance is unacceptable.

Regulators, led by the Office of the Comptroller of the Currency, are close to taking action against JPMorgan Chase for insufficient safeguards, the officials said. The agency is also scrutinizing several other Wall Street giants, including Bank of America.

via Some big banks eyed in drug, terror money laundering – Democratic Underground.

About these ads
bayareaintifada

Springboard for News, Updates, Analysis & Action Alerts for 3rd World Liberation & Decolonization from the Bay Area & Beyond

murrjw

murrjw

Red and Black Britain

An anarchists voice

BROTHA WOLF

Howling For Justice!

grassrootreuter

για να οπλίσουμε την κριτική στην καθημερινή δράση για τον κομμουνισμό.

BCfm Politics Show

A Bristol Angle on World Politics

[Modern Times]

4th World Issues, International Politics & Conscious Afro-Indigenismo

CITIZENS REPORT VIOLENCE ON WOMEN AND GIRLS IN INDIA

A Newslog by The 50 Million Missing Campaign

United States Hypocrisy

A critical analysis of the American empire's high-minded rhetoric, and the ways in which it continually fails to square with reality.

Compliance Campaign

Campaigning for U.S. compliance with international norms

African In Ireland

In the eyes of an African

Foucault News

Activity relating to the work of French thinker Michel Foucault (1926-1984)

Aotearoa: A Wider Perspective

"The war is not meant to be won, it is meant to be continuous. Hierarchical society is only possible on the basis of poverty and ignorance. This new version is the past and no different past can ever have existed. In principle the war effort is always planned to keep society on the brink of starvation. The war is waged by the ruling group against its own subjects and its object is not the victory over either Eurasia or East Asia, but to keep the very structure of society intact." George Orwell

North London Antifascists

Keeping the streets of North London fascist free

NDN Impact

A Place for Indigenous News, Current Events, and Experiences

Kwatu

Zambia's Leading Internet Directory and Blog. Click A-Z to Use the Directory

James Bigila's Blog

News about Nigeria, Vacancies, New technology, Entertainment, Sports, Travel and lots more...

The Female Sankara

A lot of Africa, A lot of policy, All things development

Follow

Get every new post delivered to your Inbox.

Join 6,580 other followers