New List: The FCPA Top 40
Richard L. Cassin
December 12, 2019
Here’s the FCPA Blog’s list of the 40 biggest Foreign Corrupt Practices Act resolutions of all time.… Continue Reading
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Posts Tagged: JPMorgan Chase Co
Credit Suisse pays DOJ $47 million to end Asia princeling investigation
Richard L. Cassin
June 6, 2018
Banking giant Credit Suisse Group AG said Wednesday it has agreed to pay a $47 million penalty to the Justice Department to end an FCPA investigation into hiring practices in Asia.… Continue Reading
Swiss regulator: JPMorgan Chase ‘seriously breached’ AML laws with 1MDB
Richard L. Cassin
December 21, 2017
Switzerland’s financial regulator said Thursday that JPMorgan Chase & Co. seriously breached anti-money laundering regulations in its dealings with Malaysian sovereign wealth fund 1MDB.
The Swiss Financial Market Supervisory Authority or FINMA said JPMorgan also failed to manage PEP risks related 1MDB.… Continue Reading
Fed seeks lifetime ban for bankers who ran JP Morgan ‘princeling’ program
Richard L. Cassin
March 13, 2017
The Federal Reserve Board Friday said it will seek fines and permanent bans against two former managing directors at J.P. Morgan Securities (Asia Pacific) Limited who allegedly led an illegal hiring program.… Continue Reading
Five banks fined $3.3 billion for forex manipulation
Richard L. Cassin
November 12, 2014
Regulators in the United States, Britain, and Switzerland penalized five banks $3.3 billion for rigging foreign-exchange benchmarks.
The U.S. Commodity Futures Trading Commission, Britain’s Financial Conduct Authority, and the Swiss Financial Market Supervisory Authority fined Switzerland’s UBS AG $800 million.… Continue Reading
SEC expands probe of bank hiring practices
Julie DiMauro
May 8, 2014
The SEC has expanded its investigation into several large banks’ hiring practices in Asia, requesting more information that could show the firms violated the FCPA by hiring relatives of well-connected officials.… Continue Reading
Banks stoke hot job market for compliance pros
Julie DiMauro
May 7, 2014
Some of the biggest U.S. banks are adding risk and compliance professionals as they seek to comply with increasing regulations, particularly in their overseas operations.
The use of deferred- and non-prosecution agreements is also emphasizing the compliance function.… Continue Reading
Top JPMorgan China banker leaving amid hiring probe
Julie DiMauro
March 26, 2014
Fang Fang, outgoing chief executive for China investment banking at JPMorgan Chase & Co.A key figure in the investigation of JPMorgan Chase’s hiring practices in Asia is leaving the investment bank.… Continue Reading