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JPMorgan Chase fined €25 Million in connection with long-standing tax fraud case

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By Elizabeth Hearst for AMLi

Global investment bank JPMorgan Chase has settled a longstanding French criminal investigation and fined €25 Million in connection with a multi-million euro tax fraud.

It’s reported that the case relates to allegations of tax fraud set to benefit former managers at French investment company Wendel, according to prosecutor Jean-François Bohnert. 

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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

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