Chase Bank Found Guilty of Secretly Financing Terrorist Organizations

Chase Bank finances terror groupsChase Bank is now responsible for a lot worse than poor customer service and unethical business practices that cost their customers millions of dollars each year. Now they’ve really crossed the line.

Now we can add the financing of terrorist organizations to that list. People, businesses, organizations and nations who make it their business to murder United States citizens have had a lot of help from Chase Bank, despite sanctions imposed by the US Government making it illegal.

The United States Treasury Department agreed to settle with Chase Bank for $88 million for their willful violations of US sanctions against countries that are state sponsors of terrorism. Unfortunately, $88 million is nothing to Chase Bank – the fine wouldn’t even qualify as a slap on the wrist for JPMorgan Chase.

The Treasury Department’s Office of Foreign Assets Control (OFAC) has been investigating a number of willful violations committed by Chase Bank going back to 2005. The list of laws violated by Chase Bank include:

  • Weapons of Mass Destruction Proliferators Sanctions Regulations
  • Global Terrorism Sanctions Regulations
  • Iranian Transactions Regulations
  • Cuban Assets Control Regulations
  • Sudanese Sanctions Regulations
  • Former Liberian Regime of Charles Taylor Sanctions Regulations

Reread that list and let that sink in.

Chase Bank admitted to helping facilitate transactions that violated US laws regarding terrorism and weapons of mass destruction proliferation. Worse – the US Treasury found that Chase Bank was willfully violating these rules for years and even after they were notified by 3rd parties of their violations they continued to help these terrorist organizations.

The question that needs to be asked, but our US media is conveniently avoiding is – How many Americans lost their lives due to the greed of Chase Bank? How many citizens of other countries died to make Jamie Dimon and the shareholders of Chase Bank wealthier?

Click here to read the entire settlement agreement between the US Treasury Department and JPMorgan Chase Bank.

Chase knowingly made a series of transactions with Cuba, Iran and Sudan which equaled roughly $181.4 million in violations:

  • In 2005 and 2006, JPMorgan Chase willfully violated embargo laws by processing $178.5 million in wire transfers for Cuban nationals. A 3rd party financial institution notified Chase Bank of the violations but Chase didn’t stop and failed to notify Treasury Department officials of their crimes.
  • In 2009 Chase Bank processed a $2.9 million loan with, “a bank that had ties to Iran’s government-owned shipping line,” a violation of trade sanctions against The Islamic Republic of Iran. JPMorgan Chase was aware of this crime, but again failed to inform regulators as required by law. In fact – they waited until the loan was almost completely repaid before notifying Treasury officials. These ships have been known to carry weapons of mass destruction and other weapons for terrorists in the past. These weapons have led to the deaths of many Americans and others which is the reason these sanctions were put in place.
  • In 2011, the United States Treasury Department asked for documents regarding a wire transfer that referred to Khartoum, the capital of Sudan. High ranking officials at JPMorgan Chase pretended to be unaware of what the Treasury Department was investigating, until The Treasury presented JPMorgan with a list of documents they believed were in the bank’s possession. After denying it the first time, the bank coughed up the documents shortly after. Sudan was the home base for Osama bin Laden and Al-Qaeda for years and continues to export terrorism around the world with the financial help of JPMorgan Chase and others.

Officials from the US Treasury Department were asked to comment and said the following:

“OFAC determined that JPMC (JPMorgan) is a very large, commercially sophisticated financial institution, and that JPMC managers and supervisors acted with knowledge of the conduct constituting the apparent violations and recklessly failed to exercise a minimal degree of caution or care with respect to JPMC’s US sanctions obligations.”

US Treasury Department officials also said that a considerable portion of the transfers happened after JPMorgan Chase had been notified of the potential sanctions violation.They continued to help finance these terrorist organizations so that they could reap the profits and increase their share price.

Perhaps the hardest part to accept is that this is a textbook example of a violation that would land the average person or businessman in prison, and yet Chase Bank received a relatively tiny fine that they’ll simply write off as a cost of doing business. The fine is less than they actually made on the deals they were busted for and we don’t even know how many of these deals they got away with.

After getting caught stealing money from our military men and women and forcing some of them out of their homes illegally, now we find out that Chase Bank has been helping finance known terrorist organizations. This information has been woefully under-reported by our mainstream media here in the United States, so I’m asking everybody to send this link to everyone you know, Tweet it, put it on Facebook and do whatever else you can do to get the word out about what this bank is doing to this country and its citizens.


  • I can’t believe this hasn’t gotten more attention in this press. I mean, I guess I shouldn’t be surprised but it’s just really sad.

  • I tweeted and put it on Facebook, every American should know this, Boycott Chase

  • Thanks for trying to bring attention to this. It is frustrating that stuff like this doesn’t get any press.

  • These are Parasite agencies. They are not from this country.
    They are recieving loans from the buyer through the Buyers credit, THEY are the borrowers, not the buyer.
    Burtons legal thesaurus defines ‘borrower’ as—> Parasite.

    They do NOT give loans. They block you from receiving YOUR credit backed by YOUR labor, so they can pretend to give loans while they cash in and sell your credit on the stock market.

    A loan is NOT the same as credit because:
    With a loan, the value comes from the loan but with credit, the value comes from the payments.

    This country is in bankruptcy so there is no way to give anyone a loan. You are granting them access to your credit they can sell on the stock market while they appear to be giving a loan. Being sentenced to a 30 year labor sentence only to be paying off YOUR own credit while you believe you are paying off a loan. Disect the mortgage docs, you can learn NOTHING was given as a loan.

  • Watch the news carefully in the next few months. News broke on 9/15/12 that Chase is now being investigated by the OCC for money laundering.

  • Yeah I saw that too. I’m thinking about doing a write-up on it once more information comes out. Unfortunately, Chase will end up paying a meaningless fine while anybody else would end up in prison for money laundering.

  • Start emailing this stuff to all the media outlets and ask them why is it not news worthy? Then tell them you will let everyone know that you sent it to them and they refuse to report it.

  • Think about this for a moment: Jamie Diamond + his best buddy Obama + the majority of security for Chase done in Mumbai India by completely incompetent individuals who think it’s fraud to use your own credit card in the town where you live. Things that make you say WTF. I can’t tell you how many calls I had to take where a CC holder was livid due to being denied a purchase in their own town and to make it worse they had just made a purchase there (same outlet) the week before with no issues. And to make matters worse at the Springfield, Mo office in the Chase Sapphire dept. specifically where I had worked they allow the employees to be texting while handling customer’s accounts. No security issues there. For those who are currently bothered by the NSA and the lack of privacy and security you might want to find another company other than Chase to do your business through due to Chase’s lack of following policy and procedure which is immediate termination for that type of offense. Now for the rest of the story, I was dismissed for filing a hostile environment charge against my manager, exactly two weeks after filing, for holding me to a higher standard than those on the team, some of which were those texting while working on a card member’s accounts. Now if that wasn’t bad enough, this was after a year previous being sexually harassed by a manager only to be told that after letting her know of the claim she conveniently went on a leave of absence and they refused to do any further investigation into the matter because she is unavailable. Even after bringing all this to the corporate level they held to their findings for termination. Their reasons where that I cursed on the floor which they were unable to prove only that some had heard cursing and others were wrote up while I was fired. Secondly I was supposedly heard saying I didn’t like a manager because of the way he swings. Now in order to make that type of a statement first one would probably want to know for sure of ones preference, and second would probably have some type of grudge with that individual. Both not being the case and in fact I had worked closely with the individual and to my knowledge there were no issues nor did I know of his preference and it was never discussed of confirmed. So to those individuals who they duped into making up this garbage about me, your turn is coming because if they did it to me they’ll surely do it to you as well. Five years of dedication means nothing even if you put up with their abuses and lack of investigations. Chase is all about covering their backsides and has no problems making up whatever is needed to do so. If you are still employed by Chase I would seriously recommend running before this happens to you. For those doing business I would do a mass exodus before your info falls into the wrong hands.

  • Keep up the great work! I have passed this site onto several activists worldwide and we truly appreciate your efforts!

    Sincerely and respectfully,
    Dr. Robyn Croke

  • Thank you for the support!

  • How has this ‘bank’ stayed in business? They are dishonest in most if not all of their dealings. From their structuring of deposits to the way they treat employees.
    It would be a happy day to see these banksters jailed and Chase closed down.

  • I wonder what implications it has on the dealings with JPM as to violations of Executive Order 13224.. Can you say… Proximate Cause? Yeah buddy!

  • Their self admitted guilt is more than enough cause to dig deep into this one! …

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