JP Morgan Chase Bank

HQ Country of Company:
USA
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:
An apparent violation of the ITR consisting of a May 24, 2006 transfer of 32,000 ounces of gold bullion valued at approximately $20,560,000 to the benefit of a bank in Iran. JPMC did not voluntarily self-disclose this matter to OFAC.
Fine:
Total Fine
$88,300,000.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$88,300,000.00
Source:
Treasury, “Enforcement Information For August 25, 2011.”
Back to Iran Violation and Penalties Tracker