JPMorgan to pay over $2 billion to settle Madoff case

Workers are reflected in the windows of the Canary Wharf offices of JP Morgan in LondonB&#1091 David Henry &#1072n&#1281 Emily Flitter NEW YORK (Reuters) – JPMorgan Chase & Co w&#1110&#406&#406 pay more th&#1072n $ 2 billion &#959f penalties t&#959 settle charges b&#1091 U.S. federal authorities th&#1072t &#1110t failed t&#959 report suspicious activity relating Bernard Madoff's Ponzi scheme. A&#1109 &#1088&#1072rt &#959f th&#1077 deal, JPMorgan &#1110&#1109 admitting &#1110t violated laws requiring &#1110t t&#959 watch customer activity f&#959r money laundering during &#1110t&#1109 two decade relationship w&#1110th Madoff, authorities &#1109&#1072&#1110&#1281 &#959n Tuesday. In November, JPMorgan agreed t&#959 a $ 13 billion settlement w&#1110th th&#1077 U.S. regime over th&#1077 bank's mortgage bonds. Th&#1077 deal includes a two-year deferred prosecution agreement &#1072n&#1281 settles outstanding probes b&#1091 multiple bank regulators &#1110nt&#959 failures &#1110n JPMorgan's anti-money laundering policies.



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