J.P.Morgan Chase's "Sons and Daughters" hiring program,involving hiring children of China's ruling elite,was approved by the United States Department of Justice and the Securities Exchange Commission.

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The J.P.Morgan Chase's "Sons and Daughters" hiring program was investigated by the United States Department of Justice and the Securities Exchange Commission for violating the Foreign Corrupt Practices Act (FCPA), and in 2016 the bank agreed to pay a $264 million settlement.

JPMorgan Chase's "Sons and Daughters" Hiring Program,involving Hiring Children of China's