The Bank of Nova Scotia (Scotiabank) will pay $127.4 million in total penalties in resolutions with the U.S. Department of Justice and the Commodity Futures Trading Commission for its role in a massive price-manipulation scheme in the precious metals futures contracts markets, as well as for various compliance and supervision violations.

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,...