[–] Crikes 0 points 4 points 4 points (+4|-0) ago
Of course! They hate the competition. Actually, it's not that it's competition, because competition has never been a problem. You can corrupt, or coop competition... until you can't.
BTC is first and foremost a liberator from such enslavement! Decentralize all the things!
Understand that if you work toward any centralizing organization, tech, and most importantly government, etc., you're producing the systems of your own enslavement.
Everything that can be corrupted will be corrupted.
[–] GenghisSean 0 points 3 points 3 points (+3|-0) ago
Can someone translate the article for us English speakers? Do any of you know of an alternative to Google translate I can use to automatically translate it poorly?
[–] justdontberacist [S] 0 points 4 points 4 points (+4|-0) ago
Zerogedge broke the story first in English afaik: www.zerohedge.com/news/2017-11-16/after-slamming-bitcoin-money-laundering-tool-jpmorgan-busted-money-laundering
[–] absurdlyobfuscated 0 points 1 point 1 point (+1|-0) ago
https://www.bing.com/translator
The Swiss subsidiary of the American Major bank J.P. Morgan has severely violated the supervisory law and was sanctioned accordingly by the Financial Market Supervisory Authority FINMA, as research by the "commercial newspaper" show. It concerns violations of due diligence obligations in connection with applicable money laundering standards. The decision of the Financial market Supervisory Authority FINMA was issued on 30 June 2017 and should be published in the following week.
Against the communication of the FINMA decision, the foreign bank, based in Geneva, defended itself legally. Now the federal administrative Court rejected the recourse against the publication. J.P. Morgan Switzerland can continue the BVG judgment before the Federal court. Finma did not want to express its case. The bank was unable to reach an opinion. J.P. Morgan Switzerland was represented by the Zurich business law firm Lenz & Staehelin.
A spokeswoman from J.P. Morgan says on request: "We have significantly improved our measures to avoid money laundering over the past few years, and we are continually working to improve it continuously to ensure that we meet the expectations of the Regulators. " The bank cannot express itself on the FINMA decision of June, since it is not published.
[–] ErrantCognition 1 point -1 points 0 points (+0|-1) ago
So they'll get a slap on the wrist and a fine that's a small fraction of the money (((they))) made.
[–] Greenzero86 ago
There must be a connection. Their CEO bought bitcoin en masse at one point.
[–] KILLtheRATS 1 point -1 points 0 points (+0|-1) ago
Oh... no... will this be the end of JPmorgan
[–] Cheesebooger 2 points 2 points 4 points (+4|-2) ago
(((ART))) is the greatest (((money-laundering scheme))) there is