Money Laundering Probe Sets Sights On JPMorgan Chase, Bank Of America: Report

09/15/2012 10:12 am ET

Federal and state authorities are investigating a handful of major American banks for failing to monitor cash transactions in and out of their branches, a lapse that may have enabled drug dealers and terrorists to launder tainted money, according to officials who spoke on the condition of anonymity.

Read more on The New York Times

Suggest a correction