Monday, April 15, 2013
Reuters: OCC Will Fault JP Morgan over Madoff Accounts
Reuters reports that the Office of the Comptroller of the Currency is expected to issue a cease and desist order against JP Morgan Chase, which served as Bernard Madoff's bank, for failing to conduct adequate due diligence and report suspicious activity under the anti-money laundering regulations. No timing for the regulatory action was given. Exclusive: U.S. Regulator to Fault JPMorgan Over Madoff Accounts
https://lawprofessors.typepad.com/securities/2013/04/reuters-occ-will-fault-jp-morgan-over-madoff-accounts.html