{"id":179592,"date":"2017-12-23T19:55:00","date_gmt":"2017-12-24T00:55:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/12\/23\/jamie-dimon-has-boldly-gone-where-no-man-has-gone-before\/"},"modified":"2017-12-23T19:55:00","modified_gmt":"2017-12-24T00:55:00","slug":"jamie-dimon-has-boldly-gone-where-no-man-has-gone-before","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/12\/23\/jamie-dimon-has-boldly-gone-where-no-man-has-gone-before\/","title":{"rendered":"Jamie Dimon Has Boldly Gone Where No Man Has Gone Before"},"content":{"rendered":"<div>JP Morgan&#8217;s money laundering has gotten so bad that <a href=\"https:\/\/dealbreaker.com\/2017\/12\/swiss-person-to-keep-jpmorgan-from-getting-too-swiss-again\/\">Switzerland has installed a bank monitor in their Swiss unit in response to their assistance given to the looting of the Malaysian sovereign wealth fund<\/a>.&nbsp;<\/div>\n<p>Seriously, the Swiss be like, &#8220;We thought that we were hard core, but<i><b> dayyyymmnnnn<\/b><\/i>!&#8221;<\/p>\n<blockquote><p><span style=\"color: blue;\">Last month, we learned that JPMorgan Chase had managed the near-impossible and run afoul of Swiss banking laws, specifically Switzerland\u2019s not-historically-robust anti-money-laundering rules. How bad was Dimon &amp; co.\u2019s transgression? The Swiss were initially awfully Swiss about things, simply letting the bank know it had \u201c<a href=\"https:\/\/dealbreaker.com\/2017\/11\/the-swiss-just-gave-jpmorgan-the-highest-money-laundering-honor-the-world-has-to-offer\/\">seriously infringed<\/a>\u201d upon their financial hospitality. <\/p>\n<p>Yesterday, that prognosis was upgraded to \u201cseriously breached.\u201d So seriously that a <a href=\"https:\/\/dealbreaker.com\/2016\/12\/finra-credit-suisse-money-laundering-fine\/\">traditional slap on the wrist<\/a> will not do. No: The Swiss are gonna get all <a href=\"https:\/\/dealbreaker.com\/2014\/04\/outside-point72-asset-management-monitor-has-inside-ties-but-its-fine\/\">American <\/a>up in here and <a href=\"https:\/\/www.nytimes.com\/2017\/12\/21\/business\/jpmorgan-money-laundering.html?_r=0\">install a monitor<\/a> to make sure it doesn\u2019t happen again, \u201cit\u201d being the gentle washing of \u201chundreds of millions of dollars\u201d on behalf of the <a href=\"https:\/\/dealbreaker.com\/2015\/12\/jordan-belfort-global-inspiration\/\">prime minister of Malaysia<\/a>, who was in the process of allegedly <a href=\"https:\/\/dealbreaker.com\/2016\/09\/rosmah-mansor-1mdb\/\">draining <\/a>that country\u2019s sovereign wealth fund, <a href=\"https:\/\/dealbreaker.com\/2016\/09\/1mdb-goldman-sachs\/\">1MDB<\/a>, of several billion dollars.<\/span><\/p><\/blockquote>\n<p>It buggers the mind.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JP Morgan&#8217;s money laundering has gotten so bad that Switzerland has installed a bank monitor in their Swiss unit in response to their assistance given to the looting of the Malaysian sovereign wealth fund.&nbsp; Seriously, the Swiss be like, &#8220;We thought that we were hard core, but dayyyymmnnnn!&#8221; Last month, we learned that JPMorgan Chase &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[368,371,456,437],"class_list":["post-179592","post","type-post","status-publish","format-standard","hentry","tag-corruption","tag-europe","tag-finance","tag-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/179592"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=179592"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/179592\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=179592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=179592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=179592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}