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Compliance, Financial Crime

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

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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