http://finance.fortune.cnn.com/2010/...ney_topstories
This is a story about how banking giant HSBC got hit by the BSA ( banking security act ) and given a warning to get their shit together regarding money laundering laws and procedures.
It may well be that Epass' people thought they had their paperwork in order but the new laws enacted this Summer jumped up and bit them in the ass. If a mega bank like HSBC with $180+ billion can be taken to the wood shed you can imagine what's happening to smaller operations around the world. If one does a Google search and spends the time going through the world news items you'll see problems with numerous financial corps who have had to comply. Some we don't hear about but Epass, not a bank, isn't the only one to get it's ass kicked I'm sure.