Violation Tracker Individual Record

Company: 
JPMorgan Securities
Current Parent Company: 
JPMorgan Chase
Penalty: 
$72,000,000
Primary Offense: 
kickbacks and bribery
Violation Description: 

JPMorgan Securities (Asia Pacific) Limited, a Hong Kong-based subsidiary of multinational bank JPMorgan Chase & Co., agreed to pay a $72 million penalty for its alleged role in a scheme to corruptly gain advantages in winning banking deals by awarding prestigious jobs to relatives and friends of Chinese government officials.

Year: 
2016
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
non-prosecution agreement
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.