JPMorgan Chase & Co. ("JPMC") and each of its majority-owned subsidiaries (together with JPMC, the "Firm") are firmly committed to participating in international efforts to combat money laundering and the funding of terrorist activities. JPMC is a publicly traded and a registered bank holding company headquartered in New York, New York in the United States ("U.S."), regulated by the Federal Reserve Bank of New York. The Firm is also regulated by various U.S. federal and state banking and securities regulators and other regulatory organizations, including self-regulatory organizations, as well as other U.S. and non-U.S. governmental agencies that have supervisory authority over certain legal entities in those jurisdictions where the Firm operates.
The Firm has implemented a risk-based global Anti-Money Laundering ("AML") Compliance Program designed to comply with AML laws and regulations in the U.S., including the Bank Secrecy Act, as amended by the USA PATRIOT Act of 2001, and other applicable laws and regulations relating to the prevention of money laundering and terrorist financing in jurisdictions where the Firm operates. The Firm has a zero-tolerance approach to tax evasion and the facilitation of tax evasion, and has implemented policies and proportionate, reasonable prevention procedures against facilitation of tax evasion.
The Firm is also subject to the regulations administered by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") and has implemented policies and procedures designed to comply with the prohibitions and restrictions mandated by OFAC and all other sanctions laws and regulations applicable in jurisdictions where the Firm operates.
