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 […]
