Former JPMorgan compliance exec settles with bank over SOX whistleblower suit
By 
Aaron Nicodemus2022-10-26T15:23:00
A compliance executive who sued JPMorgan Chase after she said she was fired for blowing the whistle on deficiencies in the bank’s anti-money laundering (AML) compliance program agreed to settle her case.
Shaquala Williams sued JPMorgan in November 2021, alleging she was fired for pointing out flaws in the bank’s compliance program and misrepresentations it made to regulators regarding a 2016 settlement of bribery allegations in the Asia Pacific region.
Williams and JPMorgan filed a settlement agreement Monday in U.S. District Court for the Southern District of New York. The agreement, which settled allegations the bank violated the Sarbanes-Oxley Act’s whistleblower protections when it fired Williams, stipulated it would be finalized Friday. Neither Williams nor JPMorgan commented on the agreement, which did not disclose financial terms.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
Article
Judge: Ex-JPMorgan compliance exec’s retaliation claims credible for trial
A jury could conclude allegations made by a former JPMorgan Chase compliance executive who said she was fired for blowing the whistle have merit, a federal judge ruled.
-
ArticleLawsuit: Ex-JPMorgan VP links firing to concerns raised about compliance program
A former compliance executive with JPMorgan Chase alleges she was fired after pointing out flaws in the bank’s compliance program and misrepresentations the bank made to regulators regarding a 2016 settlement of bribery allegations in the Asia Pacific region.
-
Basic PageUnicoin defrauded investors through future crypto token scam, SEC alleges
The Securities and Exchange Commission has charged cryptocurrency company Unicoin, three top executives, and its general counsel with defrauding investors of $110 million by selling them bogus “rights certificates” in a future cryptocurrency coin.
More from Whistleblowers
-
PremiumDespite uncertainty, whistleblowers still have incentives to report misconduct
Whistleblowing in the United States is being buffered by uncertainty from regulators who are backing off policing corruption and consumer protections. Regulators like the Department of Justice and the Securities and Exchange Commission are being thrown into disarray by layoffs and restructuring. Still, whistleblowers will likely continue coming forward.
-
News BriefTwo pairs of whistleblowers claim separate SEC awards totaling $122M
Two pairs of claimants will receive whistleblower awards totaling more than $98 million and $24 million, respectively, for information they provided to the Securities and Exchange Commission that led to an enforcement action.
-
PremiumU.K. whistleblower protections, awards needed to compensate ‘career suicide’
Discrimination against whistleblowers in the U.K. has risen to such a level that the government may need to actively pursue plans to afford greater legal protection, as well as introduce financial awards to compensate for their “career suicide.”