
JP Morgan Securities (Asia Pacific) Limited, a Hong Kong-based subsidiary of multinational bank JP Morgan 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. For more info visit https://www.justice.gov/opa/pr/JP Morgan-s-investment-bank-hong-kong-agrees-pay-72-million-penalty-corrupt-hiring-scheme