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Violation Tracker Individual Record

Company: JPMorgan Chase Bank
Current Parent Company: JPMorgan Chase
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,700,000,000
Year: 2014
Date: January 7, 2014
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Mega-Scandal: Madoff Scandal
Violation Description: The United States Attorney for the Southern District of New York annnounced a deferred prosecution agreement relating to criminal charges and a settlement of civil claims against JPMorgan Chase Bank in connection with the bank's relationship with Bernard L. Madoff Investment Securities.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Southern District of New York
Civil or Criminal Case: civil and criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.