In 2014, JPMorgan did $9.00 worth of business in Iran. In its latest Form 10-K with the SEC, JPMorgan made the following disclosure: In addition, during 2014, JPMorgan Chase Bank, N.A. processed one payment from Iran Air on behalf of a U.S. client into such client's account at JPMorgan Chase Bank, N.A. Iran Air is designated pursuant to Executive Order 13382. This transaction was authorized by and conducted pursuant to a license from the Treasury Department's Office of Foreign Assets Control (...
Before anyone asks, JPMorgan wants you to know it did $9.00 of business in Iran last year (JPM)
Business Insider - 25 Feb 2015 03:11
In 2014, JPMorgan did $9.00 worth of business in Iran. In its latest Form 10-K with the SEC, JPMorgan made the following disclosure: In addition, during 2014, JPMorgan Chase Bank, N.A. processed one payment from Iran Air on behalf of a U.S. client into such client's account at JPMorgan Chase Bank, N.A. Iran Air is designated pursuant to Executive Order 13382. This transaction was authorized by and conducted pursuant to a license from the Treasury Department's Office of Foreign Assets Control (...
Share this Article
Recommended