US
banks may have laundered money for Iran
The Office of the
Comptroller of the Currency, the federal agency that oversees the biggest banks,
is leading the money-laundering investigation, according to the Times. The
report said the OCC could soon take action against JPMorgan Chase & Co., and
that it is also investigating Bank of America Corp. Money laundering allows
people to make money — often obtained illegally — appear like it came from
another source.
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