Former JPMorgan compliance exec settles with bank over SOX whistleblower suit

JPMorgan Chase

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.

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