12-02-2015 07:04 via news.yahoo.com

Insight - JPMorgan’s new approach to probing suspect transactions sparks internal friction

By Brett Wolf and Aruna Viswanatha ST. LOUIS/WASHINGTON (Reuters) - Clashes over strategy within JPMorgan Chase & Co’s compliance operations have led to the departure of a series of managers in the past year, according to three of those who have left. Faced with intense scrutiny after regulators found failings in its anti-money laundering (AML) programme, and rising costs as it seeks to identify suspicious transactions, the biggest U.S. bank has invested in new automated systems and instal
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