«FinCEN Files» Round-Up: What Say the Banks?
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J.P. Morgan – closed at USD95.31, 2-month low
Clients named in report: Ablyazov; dos Santos; the Khrapunov family (Kazakhstan; corruption and embezzlement); Andriy Klyuyev (Ukraine; corruption); Low; Paul Manafort (U.S.; corruption); Rotenberg brothers.
Although J.P. Morgan was the FinCEN Files runner-up by the amount transferred at $514 billion, its stock price slipped just 3 percent to reach a 2-month low of $95.31.
«We follow all laws and regulations in support of the government’s work to combat financial crimes. We devote thousands of people and hundreds of millions of dollars to this important work,» the bank said in a statement. «We have played a leadership role in anti-money laundering reform.»
