JP Morgan to Pay $264Mln to Settle US Foreign Corrupt Practices Act Charges…(Nobody In Jail…)
SputnikNews.com
17.11.2016
Financial-services giant JP Morgan Chase agreed to pay more than $130 million to settle charges of US Securities and Exchange Commission (SEC) that it won business from clients and corruptly influenced government officials in the Asia-Pacific region, according to official press release.
WASHINGTON (Sputnik) — Financial-services giant JP Morgan Chase will pay more than $264 million to settle charges that its hiring practices violated the Foreign Corrupt Practices Act, the US Securities and Exchange Commission (SEC) said in a press release Thursday.
“JPMorgan Chase & Co. has agreed to pay more than $130 million to settle SEC charges that it won business from clients and corruptly influenced government officials in the Asia-Pacific region,” the release stated. “JPMorgan also is expected to pay $72 million to the Justice Department and $61.9 million to the Federal Reserve Board of Governors for a total of more than $264 million in sanctions resulting from the firm’s referral hiring practices.”
The Rest…HERE
