US probes major banks for money laundering: report | Bangkok Post: news

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US probes major banks for money laundering: report

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JP Morgan Chase and Bank of America are among several US banks under investigation for breaches that may have let money flow to terrorists or drug dealers, according to The New York Times. 

This file photo shows the head office of JP Morgan Chase on Park Avenue in midtown Manhattan, pictured in July. JP Morgan Chase and Bank of America are among several US banks under investigation for breaches that may have let money flow to terrorists or drug dealers, according to The New York Times.

Officials told the newspaper they had launched one of the most aggressive crackdowns on money laundering in decades.

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