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  2. Operation Choke Point - Wikipedia

    en.wikipedia.org/wiki/Operation_Choke_Point

    Operation Choke Point was an initiative of the United States Department of Justice beginning in 2013 [1] which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies that, while operating legally, were said to be at a high risk for fraud and money laundering.

  3. Recovery of funds from the Madoff investment scandal

    en.wikipedia.org/wiki/Recovery_of_funds_from_the...

    Bharara filed a two-count criminal information charging JPMorgan with Bank Secrecy Act violations, but the charges will be dismissed within two years provided that JPMorgan reforms its anti-money laundering procedures and cooperates with the government in its investigation. The bank agreed to forfeit $1.7 billion—the largest forfeiture ever ...

  4. Financial Crimes Enforcement Network - Wikipedia

    en.wikipedia.org/wiki/Financial_Crimes...

    In 2003, FinCEN disseminated information on "informal value transfer systems" (IVTS), including hawala, a network of people receiving money for the purpose of making the funds payable to a third party in another geographic location, generally taking place outside of the conventional banking system through non-bank financial institutions or ...

  5. Defrauded? Banks May Not Give Your Money Back - AOL

    www.aol.com/defrauded-banks-may-not-money...

    The bank told Arroyo that it would not conduct any investigation because he did not dispute the fraudulent transactions within 30 days, according to the complaint. (The bank says it does not ...

  6. Wells Fargo’s Main Regulator Aims to Punish Former Managers

    www.aol.com/news/wells-fargo-regulator-aims...

    (Bloomberg) -- Wells Fargo & Co.’s main regulator is preparing civil charges against former managers related to their roles in its retail banking scandals, people familiar with the matter said ...

  7. Libor scandal - Wikipedia

    en.wikipedia.org/wiki/Libor_scandal

    For example, each bank must now have a named person responsible for Libor, accountable if there is any wrongdoing. The banks must keep records so that they can be audited by the regulators if necessary. [18] [84] [85] As of early 2014, NYSE Euronext has taken over the administration of Libor from the British Bankers Association. [86]

  8. Does $1,000 Fix Everything for Harmed Bank Customers? - AOL

    www.aol.com/2013/04/13/does-1000-fix-everything...

    The payments are part of the settlement that is meant to compensate consumers for the banks' wrongdoing. In this video, Motley Fool. Skip to main content. Sign in. Mail. 24/7 Help. For premium ...

  9. Wells Fargo cross-selling scandal - Wikipedia

    en.wikipedia.org/wiki/Wells_Fargo_cross-selling...

    Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]