Document Type

News Article

Publication Date

1-8-2014

Abstract

Jimmy Gurule quoted in Reuters Accelus article "Like JPMorgan, regulators could have done more to stop Madoff, experts say after $2.6 billion settlement" by Brett Wolf on January 8, 2014.

The JPMorgan deal, like the settlements HSBC and several other banks have faced in recent years for anti-money laundering and sanctions violations, "clearly demonstrate the government cannot count on the banks to do the right thing," said Jimmy Gurule, a former enforcement official at the U.S. Treasury.

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