(Reuters) As much as the compliance function at many financial institutions now sits as an equal partner alongside the businesses units they work with, every now and then something comes along to make one wonder what is the actual status of compliance across the industry.
The New York Times this month published an article{here} that focused on JPMorgan’s past relationship with Jeffrey Epstein, who had been charged with sex crimes and pleaded guilty in 2008 to solicitation of prostitution. (Epstein committed suicide in a New York jail cell earlier this month while awaiting trial for new charges of sex trafficking of underage girls).
