JP Morgan joins the growing list of Major Corporations ensnared in violating the Foreign Corrupt Practices Act (“FCPA”). The Wall Street Journal and other major news outlets recently reported that JP Morgan is in talks to pay approx. $200 million to settle criminal and civil investigations into whether it tried to win business by hiring the sons and daughters of powerful people in Asia.

JP reportedly hired the children of powerful Chinese government officials who were unqualified for their positions and kept some on despite poor job performance in its “Sons and Daughters” program. In one email, a bank executive discussed how to “handle the son in NY and leverage the father in China.”

Other major companies that have paid stiff fines to settle FCPA claims include:

Siemens – $800 million

Alstom – $772 million

KBR/Halliburton – $579 million

BAE Systems – $400 million

Total – $398 million

Alcoa – $384 million

Snamprogetti Netherlands/Eni – $365 million

Technip – $338 million

JGC – $219 million

Bank of New York/Mellon – $15 million