Violation Tracker Individual Record

Company: 
JPMorgan Chase & Co.
Current Parent Company: 
JPMorgan Chase
Penalty: 
$61,900,000
Primary Offense: 
banking violation
Violation Description: 

The Federal Reserve Board ordered JPMorgan Chase & Co. to pay a $61.9 million civil money penalty for unsafe and unsound practices related to the firm's practice of hiring individuals referred by foreign officials and other clients in order to obtain improper business advantages for the firm.

Year: 
2016
Agency: 
Federal Reserve
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.