Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
08-25-2011, 06:07 PM #1
JPMorgan paying $88.3 MILLION over alleged violations
Aug. 25, 2011 5:13 PM ET
JPMorgan paying $88.3M over alleged violations
WASHINGTON (AP) — JPMorgan Chase Bank is paying $88.3 million in an agreement with the Treasury Department, which says the bank violated regulations that prohibit financial aid for illicit nuclear trade, and trade with Cuba and Sudan.
Treasury's Office of Foreign Assets Control announced the agreement Thursday with the big Wall Street bank. The office said some of JPMorgan Chase's "apparent violations" of the regulations were serious.
In one case the bank in December 2009 made a $2.9 million trade loan to another bank, which extended credit to a ship that had been identified as linked to the Iranian government's shipping lines, OFAC said. It said JPMorgan managers knew the loan violated the regulations against helping nations that proliferate weapons of mass destruction, but didn't notify the government until March 2010.
http://hosted2.ap.org/NMSAN/81cd4a0d30d ... 5ece0b3dceNO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
Arizona GOP pushing tough, new border policies, but faces strong...
05-05-2024, 10:24 AM in illegal immigration News Stories & Reports