Weekly Roundup: JPMorgan Compliance Officer Flagged Corrupt Nigerian Payment, Ernst & Young Ignored Wirecard Red Flags, and More

JPMorgan Chase processed a $75 million payment in August 2013 to an entity controlled by former Nigerian oil minister and convicted money launderer Dan Etete days after a U.S.-based compliance employee warned in an internal memo that the funds probably originated from corruption, Bloomberg reported. More The EY auditor who first confirmed a whistleblower's claims of accounting fraud at Wirecard told German lawmakers that senior partners at the consultancy dismissed his suspicions and continued issuing positive assessments for the now-disgraced payment processor, the Financial Times reported. More The German parliamentary panel also heard that Wirecard's chief operating officer maintained ties...