[Guilty] J P Morgan Money Laundering Tried To Hide Swiss Regulator Judgement

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JPMorgan CEO Jamie Dimon is facing irony this week after calling #Bitcoin a fraud - as the bank’s Swiss arm is sanctioned for fraud.

Reports from local media outlet Die Handelszeitung relate how the Swiss regulator Finma had ruled JPMorgan was guilty of money laundering in June.

In response to money-laundering violation, JPM said that in support of safety and soundness of global monetary system, “we have made and continue to make significant enhancements to the firm’s AML program to ensure we are meeting regulatory expectations,” according to an emailed statement sent to Bloomberg.

A legal battle then ensued, with Dimon’s giant attempting to prevent the publication of Finma’s judgment.

This month, however, the law ruled against it, but details of the extent of the wrongdoing remain sketchy.
 
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