The Traderszone Network

Published in TZ Latest News 30 May, 2014 by The TZ Newswire Staff

US has opened at least 15 probes into bank-processing activities

U.S. officials have opened at least 15 civil and criminal investigations into whether banks and payment-processing firms helped enable fraudulent activity, according to Justice Department documents made public Thursday. The documents, made public Thursday by a U.S. congressional committee, detail last year’s launch of a sweeping probe targeting banks and payment processors—companies that act as middlemen between banks and merchants in financial transactions.

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