Midweek Roundup: Enforcement Actions Spur AML Job Market, JPMorgan Likely to Curb Lending to MSBs, and More

The need for anti-money laundering (AML) officers now exceeds the demand for other bank professionals, Reuters reported Wednesday. Recent enforcement actions tied to money laundering, terrorist financing and tax evasion have greatly added to the demand. More JPMorgan Chase is likely to scale back its lending to pawn shops, payday lenders, check cashers and car dealerships, The Wall Street Journal reported, citing unnamed sources. The potential plan, prompted by compliance concerns, could cut hundreds of millions of dollars from the bank's annual revenue. More Wire fraud in the securities industry has risen tenfold in the past 10 years, The Wall...