NEW YORK – Four major US banks are under investigation for allegedly using ‘relaxed’ operating procedures that would allow them to whitewash money.
NDJ World | Published: Sep 16 2012 North America
Whitewashing money is the practice of concealing fraudulent money practices and making them appear to be legitimate.
Major US banks are accused of possibly whitewashing money. Photo Credit: AEP
According to the New York Times, money transfers that had little or no secure monitoring, allowed drug dealers, gun smugglers and terrorist organizations to transfer huge sums of cash without raising suspicion.
JPMorgan Chase and Bank of America, two of America’s largest banks, are currently being investigated for possibly whitewashing money.
Detective services against whitewashing have increased their presence in locating financial institutions involved with this illegal practice.
JPMorgan was accused last year of circumventing America’s sanction laws with other countries and allegedly conducted unauthorized business with Cuba and Iran.
Sponsored Links
Other Top Searches:
- Bank of America - hiding money - illegal money practices - jp morgan chase - Money Laundering - unauthorized financial transactions - US sanction laws - whitewashing money
Spread the word:
| « Anti-Islam Movie Was Excuse To Riot | Charlie Sheen And Lindsay Lohan In Bed Together » |
Your Thoughts About This Article:
More Of Your Picks:
Why Not Park A Plane Through The Wall?
CHINO – It’s the exact thought 3 technicians at the Chino Airport in California must have had when they planted the plane they were testing right through a hangar
Hollywood Is Missing A Pink Bulldog – VIDEO
HOLLYWOOD – The gay parade in Hollywood went without a glitch last weekend, except for one ‘minor’ incident – someone stole or borrowed one of the pink bulldogs put
Rare Blue Lobster Pulled Out Of Water In Alaska
ANCHORAGE – A boater in Alaska found a completely blue-colored lobster bobbing in Alaskan waters. Experts say a blue lobster is a rarity and finding a yellow colored lobster
The Ultimate Tiny Waist: Fashion Or Obsession?
BERLIN – 24 year old Michèle Köbke from Berlin, Germany has been snaring herself into a tight fitting corset every day for the past three years, all with the
Microsoft Releases Internet Explorer Leak Fix
New York Senator Is Accused Of Corruption
New Super Computer Put Online
New Nexus 7 Tablet Available In The Summer