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For a company facing as much public scrutiny as JPMorgan Chase (JPM), even the smallest strategic move can ignite a firestorm of speculation about whats really behind its actions.
October 18 -
The Federal Reserve Board has freed Bank Hapoalim from an order that had required the Israeli bank to tighten its anti-money laundering oversight.
October 8 -
The Federal Reserve Board has taken action against the U.S. branch of Germany's Commerzbank for failing to comply with anti-money-laundering regulations.
October 18
The New York branch of Pakistani firm United Bank Limited has been ordered to strengthen oversight of its international remittance services to better comply with federal anti-money-laundering regulations.
The bank and its branch entered into a
United Bank Limited agreed to hire an independent consultant to evaluate the compliance of its foreign wire transfer services with anti-money laundering rules and the Bank Secrecy Act. The company also agreed to develop an enhanced compliance program, update systems for monitoring remittances and review wire transfer transactions between Jan. 1 and June 30 for suspicious activity.
The Federal Reserve Board
