JP Morgan Chase executives in New york city recognized prospective problems connected to its recruitment practices in China well just before US regulatory authorities launched a query into the issue, the Wall Street Journal reported, citing sources and documents it reviewed.

The US Exchange and Securities Commission is examining the extent to which JP Morgan executives at its headquarters  were involved in abroad hiring, the report said.

A JP Morgan executive in Asia notified the bank's New york officials in 2011 of worries that the bank had worked with a son or daughter of a senior Chinese government official, a recruitment that helped it gain an investment-banking assignment, according to business emails examined by the Journal.

JP Morgan officials recommended changes to its employing techniques in Asia as well as the modifications formed a component of a collection of anti-corruption actions authorized by its board directors on the bank's audit committee in late 2011, baseding on the report.

Chief executive Jamie Dimon additionally understood of the anti-corruption steps as they were unveiled, baseding on the report.

US authorities have actually not charged the bank of any sort of wrongdoings yet.

A JP Morgan spokesperson decreased to discuss the story.