Violation Tracker Individual Record

Company: 
J.P. Morgan Chase Bank, N.A.
Current Parent Company: 
JPMorgan Chase
Penalty: 
$461,000,000
Primary Offense: 
anti-money-laundering deficiencies
Violation Description: 

The Financial Crimes Enforcement Network fined J.P. Morgan Chase Bank, N.A. $461 million for willfully violating the Bank Secrecy Act by failing to report suspicious transactions arising out of Bernard L. Madoff's decades-long, multi-billion dollar fraudulent investment scheme.

Year: 
2014
Agency: 
Treasury Department Financial Crimes Enforcement Network
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.