The Efficacy of Anti-Money Laundering (AML) Initiatives in United States Banking: A Case Study of JPMC

For nearly a year I worked as a compliance officer in the Legal and Compliance department for the Anti-Money Laundering Operations division at the largest banking corporation in the United States: JPMorgan Chase and Company.  My first hand experience with working at this corporation has lead me to firmly believe the following:

1.  AML Ops are a joke and ineffective in their intended purpose, primarily to prevent the legitimization of proceeds from illegal through the US banking industry.
2.  American corporations are run by greedy individuals...synonymous with what Ayn Rand would have classified as "looters" in her novel, "Atlas Shrugged."
3.  Employers in America do not pay the smartest, brightest, most talented individuals according to their worth; rather the worth of an employee is premised on how well they get along with other employees, and how little they "rock the boat."

This series of postings will further discuss the three points. Enjoy...but please click on the ad links as this blog partly supports me as I have effectively embarked on my own adventure and period of strike to address two particular questions of interest to me:

1. Who is John Galt?
2. What happens when you stop the engine of the world?

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