[bonemachine]

Should firms be required to report any suspicious activity found by any team in any location to every regulator that covers them ?

Don't know about "any activity, any location", but the SEC's position is that JPM failed to report specific activities to U.S. Treasury's enforcement unit (FinCEN), as per the requirements of its charter.

If you need more clarification as this finding, you might want to look into the court documents.