Reuters: Business News

About the Author Reuters: Business News


businessNews

Exclusive: Big U.S. banks to push for easing of money laundering rules

WASHINGTON/NEW YORK (Reuters) – America’s largest banks are to propose a complete overhaul of how financial institutions investigate and report potential criminal activity, arguing that rules imposed in the years after the Sept. 11, 2001 attacks and strengthened during the Obama administration are onerous and ineffective, sources said. The Clearing House, a trade association representing the largest U.S. banks including Goldman Sachs , JPMorgan Chase & Co and Bank of Am

Read more 0 Comments