J.P. Morgan

Censure for letting a disqualified person take part in security-based swap dealing

The SEC found that JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC wilfully allowed a statutorily disqualified associated person to effect or be involved in security-based swap transactions and had no system to supervise that person. On 2 October 2026 it censured both and ordered them to cease and desist; no penalty was imposed (Exchange Act Release No. 106569).

Penalties for misreporting credit risk and credit valuation adjustment risk-weighted assets

The European Central Bank imposed two administrative penalties totalling EUR 12.18 million on J.P. Morgan SE, the legal entity of which the Luxembourg branch is part, on 19 February 2026 for misreporting capital requirements between 2019 and 2024. For 15 consecutive quarters the bank misclassified corporate exposures and applied too low a risk weight, a breach rated severe, and for 21 consecutive quarters it excluded transactions from CVA risk-weighted assets, rated moderately severe, with serious negligence and internal controls that did not detect the errors in time.

Administrative fine for failing to file suspicious transaction reports without undue delay

BaFin, the German home supervisor, fined J.P. Morgan SE, the legal entity of which the Luxembourg branch is part, EUR 45 million, the largest fine it has imposed on a financial institution, after finding that the bank culpably breached its supervisory obligations. Its internal processes meant that suspicious transaction reports between October 2021 and September 2022 were not filed without undue delay, and the fine notice became final on 30 October 2025.

Penalty order for failing to prevent aggravated money laundering of 1MDB and PetroSaudi funds

The Office of the Attorney General of Switzerland convicted J.P. Morgan (Suisse) SA by summary penalty order on 22 August 2025 and fined it CHF 3 million for failing, between 7 October 2014 and 21 July 2015, to take the organisational measures needed to prevent aggravated money laundering. In that period the bank received or executed 43 transfers of funds from offences by the managers of PetroSaudi, including 34 transfers abroad of about CHF 174 million in total. Proceedings on facts before 2 October 2014 were abandoned, no compensatory claim was ordered because 1MDB is to be compensated MYR 1.4 billion, and the order is final after both parties waived appeal.

MAS civil penalty for failing to prevent or detect relationship managers' misconduct in OTC bond pricing disclosures

MAS imposed a civil penalty of S$2.4 million on JPMorgan Chase Bank, N.A. for failing to prevent or detect misconduct by relationship managers who made inaccurate or incomplete disclosures in 24 OTC bond transactions between November 2018 and September 2019, charging spreads above agreed rates. JPM admitted liability under section 236C of the SFA, paid the penalty, refunded overcharged fees and strengthened pricing controls; reviews of the individual RMs were ongoing.

The bank has refunded the overcharged fees to affected clients.

Refund of overcharged fees to affected clients; strengthened pricing frameworks and internal controls.

Reprimand for late freezing and reporting of sanctioned assets and gaps in ongoing investor screening

The CSSF reprimanded J.P. Morgan SE, Luxembourg Branch on 14 October 2024, in a decision published on 22 January 2025, for freezing late and reporting late to the Ministry of Finance the assets of a person listed under Regulation (EU) 269/2014, and for several months without ongoing screening of certain fund investors and related parties where the bank acts as transfer researcher. It also found serious organisational and internal-control deficiencies, treated self-disclosure, cooperation, the absence of prior breaches and remediation as mitigating factors, and imposed no fine.

Enforcement action: inadequate trade surveillance for market abuse, 2014 to 2023

The OCC assessed a civil money penalty of USD 250 million against JPMorgan Chase Bank, N.A. (AA-EC-2023-49) and issued a consent order (AA-EC-2023-50) over gaps in its trade surveillance programme, after weak governance of trading venues and data controls left trading on at least 30 global venues unmonitored between 2014 and 2023. The Federal Reserve fined the parent, JPMorgan Chase & Co., about USD 98.2 million over the same conduct.

a civil money penalty in the total amount of two hundred fifty million dollars ($250,000,000.00)

On 30 March 2026 the OCC terminated its consent order of 14 March 2024 (AA-ENF-2026-17); the Federal Reserve terminated its parallel action against the parent on 4 December 2025. The penalties remain part of the record.

Order over unreported and misreported swap transactions

The CFTC found that JPMorgan Chase Bank, N.A. and two affiliates failed to report or misreported more than 40 million swap transactions, and on 29 September 2023 ordered a civil monetary penalty of USD 15 million (CFTC Docket No. 23-61). The respondents admitted the facts.

Respondents shall jointly and severally pay a civil monetary penalty in the amount of fifteen-million dollars ($15,000,000).

Order over unreported short-dated FX swap transactions

The CFTC found that JPMorgan Chase Bank, N.A. and two affiliates failed to report about 2.1 million short-dated FX swap transactions between September 2015 and February 2020, and on 5 July 2022 ordered a civil monetary penalty of USD 850,000 (CFTC Docket No. 22-20).

Respondents shall pay, jointly and severally, a civil monetary penalty in the amount of eight hundred fifty thousand dollars ($850,000)

Order over business messages on unapproved channels and the records lost

The CFTC found that staff of JPMorgan Chase Bank, N.A. and two affiliates widely used unapproved communication methods whose records were not kept, and on 17 December 2021 ordered a civil monetary penalty of USD 75 million, payable jointly and severally (CFTC Docket No. 22-07). The respondents admitted the facts.

Respondents shall pay, jointly and severally, a civil monetary penalty in the amount of seventy-five million US dollars ($75,000,000),

Civil money penalty for inadequate internal controls and audit over the fiduciary business

The US Office of the Comptroller of the Currency assessed a USD 250 million civil money penalty against JPMorgan Chase Bank, N.A. on 24 November 2020. It found that the bank failed to maintain adequate internal controls and internal audit over its fiduciary activities, and that its risk management lacked a sound framework to avoid conflicts of interest.

Deferred prosecution agreement: wire fraud schemes in precious metals and US Treasuries futures (spoofing)

JPMorgan Chase & Co. and its subsidiaries JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC entered a three-party DPA on two counts of wire fraud for spoofing schemes in precious metals futures (about 2008 to 2016) and US Treasuries (about 2008 to 2016), paying over USD 920 million in criminal penalty, disgorgement and victim compensation. The the US Department of Justice credits payments under the separate CFTC (about USD 436 million civil penalty) and SEC (USD 35 million, against JPMS) settlements; the CFTC and SEC amounts are components of, not additions to, the USD 920 million. The the US Department of Justice release names three parties to the deferred prosecution agreement: JPMorgan Chase & Co., JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC. The USD 920 million is the total paid under the agreement by the group, not a sum imposed on the bank alone.

JPMorgan Chase & Co. (JPMorgan), a New York, New York-based global banking and financial services firm,

The three-year term of the deferred prosecution agreement ended in September 2023 and the court dismissed the case with prejudice on 29 March 2024. The CFTC's order of the same day on the same conduct also named JPMorgan Chase Bank, N.A. (CFTC Docket No. 20-69).

Reprimand, HK$12,500,000 pecuniary penalty and independent review order for AMLO contraventions (customer due diligence, periodic reviews, wire transfer originator information), April 2012 to February 2014

The Monetary Authority found the branch contravened six AMLO provisions: CDD procedures that did not require beneficial owner verification, business relationships established before checks were complete, 259 of 495 high-risk customers in related groups not reviewed annually, and some outgoing wire transfers sent without originator names. It reprimanded the branch, ordered a HK$12,500,000 penalty and required an independent external advisor's report on remediation. The branch had self-identified some deficiencies.

has ordered JPMorgan Hong Kong to pay a pecuniary penalty of HK$12,500,000

Extensive remedial work and strengthened control functions; independent external advisor report ordered (wire transfer deficiencies excluded from the order's scope).

Order over American depositary receipts released without the underlying shares

The SEC found that JPMorgan Chase Bank, N.A., as depositary, negligently pre-released American depositary receipts to brokers that did not own the underlying shares, and on 26 December 2018 ordered disgorgement of about USD 71.0 million, interest of about USD 14.4 million and a penalty of about USD 49.7 million (Securities Act Release No. 10600).

JPMorgan shall, within thirty (30) days of the entry of this Order, pay disgorgement of $71,041,225.47

Settlement of 87 apparent breaches of Cuban, Iranian and proliferation sanctions, with a Finding of Violation

The US Treasury's Office of Foreign Assets Control settled with JPMorgan Chase Bank, N.A. for USD 5,263,171 on 5 October 2018 over 87 apparent violations of the Cuban, Iranian and weapons-of-mass-destruction proliferator sanctions arising from net settlement payments, of which only a very small portion appears attributable to interests of airlines at times on the SDN List. OFAC also issued a Finding of Violation covering 85 transactions totalling USD 46,127.04 between 4 August 2011 and 29 April 2014 and eight accounts the bank maintained for six SDN-listed customers.

Order over attempted manipulation of the US dollar ISDAFIX benchmark

The CFTC found that JPMorgan Chase Bank, N.A. attempted to manipulate the US dollar ISDAFIX benchmark swap rates, and on 18 June 2018 ordered it to cease and desist and to pay a civil monetary penalty of USD 65 million (CFTC Docket No. 18-15).

Respondent shall pay a civil monetary penalty of sixty five million U.S. dollars ($65,000,000)

Consent order over inaccurate checking-account information supplied to consumer reporting companies

The CFPB found that JPMorgan Chase Bank, N.A. furnished inaccurate checking-account information to consumer reporting companies without reasonable accuracy and dispute procedures, and on 2 August 2017 ordered a civil money penalty of USD 4.6 million (2017-CFPB-0015). The order ran for five years and has expired.

Respondent must pay a civil money penalty of $4.6 million to the Bureau.

FINMA proceedings concluded: serious breach of anti-money laundering regulations in 1MDB-related relationships

FINMA concluded at the end of June 2017 (published 21 December 2017) that J.P. Morgan (Switzerland) Ltd seriously breached anti-money laundering regulations in relationships and transactions linked to 1MDB booked in Switzerland, including crediting hundreds of millions of US dollars from 1MDB to a personal account without adequate questioning. FINMA appointed a monitor to review controls with a focus on high-risk transactions and referred the case to the US OCC. No fine, no business restriction and no proceedings against individuals, citing good cooperation. The ruling was not appealed.

FINMA's ruling, which has not been appealed, is final and binding.

FINMA-appointed monitor to review and continuously oversee the bank's AML controls.

Consent order over higher broker fees charged to African American and Hispanic mortgage borrowers

In a consent order filed on 20 January 2017 in the Southern District of New York (United States v. JPMorgan Chase Bank, N.A.), the bank agreed to pay USD 53 million, including a civil penalty of USD 55,000, to resolve claims that African American and Hispanic borrowers were charged higher broker rates and fees on wholesale mortgage loans than similar white borrowers.

The consent order includes monetary relief of $53 million which includes a civil penalty of $55,000.

Reprimand and HK$2.6 million fine for offering offshore listed index options without the required Type 2 and/or Type 5 registration (2003 to 2015) and late reporting

The SFC reprimanded JPMorgan Chase Bank, National Association and J.P. Morgan Securities (Asia Pacific) Limited for a combined HK$5.6 million. The bank's share, HK$2.6 million, related to offering certain offshore listed index options to clients from 1 April 2003 to 22 July 2015 without the required registrations and to reporting the breach about five months after discovery. The bank stopped offering the products.

SFC reprimands and fines two JP Morgan entities HK$5.6 million for regulatory breaches

JPMCB stopped offering the offshore listed index options; group position reporting system fixed.

Final notice: failings in G10 spot FX trading controls (five-bank settlement)

In the November 2014 five-bank FX settlement the FCA fined JPMorgan Chase Bank N.A. GBP 222,166,000 (USD 352 million) for failing to control business practices on its London G10 spot FX voice trading desk between 1 January 2008 and 15 October 2013, after a 30% settlement discount. The FCA release notes parallel CFTC penalties and an OCC penalty of USD 700 million across Citibank and JPMorgan; those are separate and must not be added to the FCA figure.

JPMorgan Chase Bank N.A. £222,166,000 ($352 million), The Royal Bank of Scotland Plc £217,000,000 ($344 million)