JPMorgan’s Investment Bank in Hong Kong
DOJ
Fraud
Penalty
$72 million
Outcome
JPMorgan’s Investment Bank in Hong Kong Agrees to Pay $72 Million Penalty for Corrupt Hiring Scheme in China
Details
JPMorgan’s Investment Bank in Hong Kong — DOJ Enforcement (2016)
DOJ took enforcement action against JPMorgan’s Investment Bank in Hong Kong in NY in 2016 involving fraud violations in the Community Banks / Credit Unions sector.
Penalty: $72 million
Violation types: Fraud
Entity type: Financial Institution
Penalty type: Criminal
Location: NY
Source: DOJ Press Release — JPMorgan’s Investment Bank in Hong Kong Agrees to Pay $72 Million Penalty for Corrupt Hiring Scheme in China
How Crucible Prevents This
Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.
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