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[–] GenghisSean 0 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?

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[–] justdontberacist [S] 0 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

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[–] GenghisSean ago 

Danke sehr!

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[–] absurdlyobfuscated 0 points 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.