Bank of America’s Merrill Lynch brokerage unit has agreed to pay $7.5 million to settle SEC charges that it failed to file numerous Suspicious Activity Reports between April 2020 and September 2024 due to gaps in its transaction monitoring threshold.
Jaclyn Jaeger
Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal, enforcement, technology, and more. Prior to joining CW, she spent four years as a legal reporter for Lawyer’s Weekly. Jaclyn attended undergraduate school at St. Joseph’s College of Maine and graduate school at Emerson College, earning degrees in journalism.
Posted inArtificial Intelligence
Littler Survey: AI and data privacy issues top of mind for employers
AI ranked as the top issue that’s expected to impact workplace policy changes over the next 12 months, even more so than DEI)and immigration enforcement matters, according to findings from law firm Littler’s 14th Annual Employer Survey.
Posted inWhistleblowers
KPMG Australia CEO resigns over mishandling of whistleblower allegations
KPMG Australia says that CEO Andrew Yates has resigned, effective immediately, over the mishandling of whistleblower allegations. The board has appointed Stan Stavros as interim CEO of KPMG Australia, while continuing the search for a permanent successor.
Posted inEvents
Laura McNamara Awarded CW’s 2026 Compliance Mentor of the Year
Laura McNamara began her career in the healthcare industry as a front desk receptionist, a job that would serve as the first of many stepping stones, paving the path of her healthcare compliance journey.
Posted inEthics & Culture
HQP Assessment: Top Strengths and Weaknesses of Ethics and Compliance Programs
Most companies have in place the foundational elements of an ethics and compliance program, but the more elusive elements that get to the heart of improving corporate culture provide key opportunities for improvement, according to the latest findings of the Ethics and Compliance Initiative’s High-Quality Program Assessment.
Posted inFrom the Archive
New Report Shows How Illegal Mining Intersects with Financial Crimes
Hundreds of billions of dollars in illicit funds move through the global financial system each year through the operations of environmental crimes linked to transnational criminal organizations. Illegal mining, in particular, directly exposes global financial institutions (FIs) to a wide range of legal and compliance risks, as well as financial crimes, absent robust risk mitigation […]
Posted inFinancial Services
Ex-Capula CCO refiles whistleblower retaliation lawsuit
The former U.S. chief compliance officer of London-based hedge fund Capula Investment Management, who alleged he was fired for escalating “significant regulatory compliance issues” to senior management, refiled his lawsuit in state court after his original complaint was dismissed in federal court on jurisdictional grounds.
Posted inRisk Management
The dos and don’ts of responding to a World Bank integrity audit
The World Bank Group has updated its “Integrity Compliance Guidelines” for the first time in 15 years, and at a time when sanctions cases are on the rise. These developments combined should prompt companies to reassess their anti-corruption compliance practices.
Posted inTechnology
Employment law in the age of AI: Compliance considerations
Employment law in the age of AI is evolving faster than many companies can keep pace. As more states enact AI laws and as more case law piles on, chief compliance officers and in-house counsel must ensure that compliance policies and procedures evolve as AI legal and compliance risks evolve.
Posted inFinancial Services
SEC enforcement priorities revert back to basics
Recent pronouncements made by the U.S. Securities and Exchange Commission leadership, alongside the recent overhaul of the SEC Enforcement Manual, collectively signal a back-to-basics enforcement approach that appears beneficial for companies in their dealings with the agency.
