JPMorgan is going through almost $350 million in fines from financial institution regulators on account of points with its commerce surveillance program.The Workplace of the Comptroller of the Foreign money stated Thursday that it was assessing a $250 million civil penalty towards JPMorgan Chase Financial institution as a result of it discovered that the corporate “operated with gaps in buying and selling venue protection and with out satisfactory information controls required to keep up an efficient commerce surveillance program.”The OCC stated it discovered that JPMorgan failed to watch billions of cases of buying and selling exercise on a minimum of 30 international buying and selling venues. It issued a stop and desist order that required JPMorgan to take corrective actions to enhance its program. Below the order, the financial institution should appropriate the deficiencies, search approval from the OCC earlier than onboarding new buying and selling venues, and discover an impartial third celebration to carry out a commerce surveillance program evaluation.The OCC stated that the penalty has been paid to the Treasury Division.Individually, the Federal Reserve Board fined JPMorgan about $98.2 million for this system deficiencies, which it stated came about between 2014 and final 12 months.JPMorgan didn’t instantly reply to a request searching for remark.