Nov 22 (Reuters) - The U.S. Treasury Department is

looking into JPMorgan Chase's ( JPM ) relationship with a hedge

fund that is said to be a part of Iranian oil trader Hossein

Shamkhani's network, Bloomberg News reported on Friday.

The agency is scrutinizing whether JPMorgan ( JPM ) complied with

all rules and regulations when it took on hedge fund Ocean

Leonid as a client, the report said, citing people familiar with

the matter.

Dubai-based Ocean Leonid is a commodity trading firm

established in 2018.

The Treasury Department and JPMorgan ( JPM ) did not immediately

respond to Reuters requests for comment.

(Reporting by Pritam Biswas in Bengaluru; Editing by Devika

Syamnath)