US Atty Bharara Vows To Keep Up Money-Laundering Fight

Law360, Los Angeles (January 27, 2014, 10:16 PM EST) -- Manhattan U.S. Attorney Preet Bharara vowed Monday to continue fighting money laundering, telling an audience of anti-laundering specialists that his office would prosecute more such cases in the wake of JPMorgan Chase & Co.’s $2.6 billion settlement for allegedly not reporting Bernard Madoff's Ponzi scheme.

Bharara told attendees at the Association of Certified Anti-Money Laundering Specialists' Anti-Money Laundering Risk Management Conference in New York that JPMorgan had "failed miserably" in its obligations under the anti-money laundering provisions of the Bank Secrecy Act.

The law, under which he brought...
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