Aaron Nicodemus is a Reporter at Compliance Week. He covers regulatory policy and compliance trends, with a focus on the financial services sector, including banking, trading, and security law enforcement. Aaron's insights and expertise have been featured in the International Compliance Association and Compliance Week.
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Aaron Nicodemus predominantly covers legal and compliance aspects within the finance industry, especially focusing on government announcements and policy regulations. His articles primarily revolve around banking, compliance, money laundering, financial regulations, and SEC-related topics.
Given his focus on legal & compliance and finance & economy themes, Aaron would likely be interested in receiving pitches from individuals with expertise in these areas. The ideal sources for him might include professionals working directly in the fields of compliance or law related to financial institutions or those closely following regulatory developments.
While Aaron does not have a specific geographic focus mentioned, he appears to cover global issues related to banking and financial regulations without being limited by geography.
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By: Aaron Nicodemus
While companies are exploring and building artificial intelligence technology, lawmakers and regulators are trying to identify what ground rules they need to set. These guardrails are what companies and governments alike believe are essential parts of ensuring safe and responsible use of the technology.
Two affiliates of JPMorgan Chase have agreed to pay $151 million to settle five separate enforcement actions for making misleading disclosures, breaching fiduciary duties, and other failures related to investors.
By: Aaron Nicodemus
Canada's anti-money laundering regulator fined Toronto-based real estate firm Jones Lang Lasalle $107,827 Canadian dollars ($77,632) for six violations of its anti-money laundering rules, after discovering gaps in recordkeeping and reporting requirements for know your customer rules.
Navy Federal Credit Union will pay a $15 million fine and return $80 million in “surprise” overdraft fees to its members to resolve an enforcement action from the Consumer Financial Protection Bureau.
The U.K. has issued 56 new sanctions against entities and individuals involved with Russia’s war effort, including several private mercenary groups operating in Africa that are connected to the Kremlin.
Law enforcement officials stumbled on TD Bank’s role in money laundering while investigating a Mexican drug cartel. They found that the bank’s corporate culture considered compliance, particularly BSA/AML compliance, a low priority. As they dug deeper, authorities discovered that multiple money laundering schemes had infiltrated the bank’s network.
Meta, the parent company of Facebook, has been fined nearly 798 million euros (U.S. $841 million) by the European Commission to resolve the agency’s long-running investigation into alleged “abusive practices” by Facebook Marketplace.
Paragon Systems, a Virginia-based security contractor, and a subsidiary will pay nearly $54 million to resolve allegations that its corporate executives–including its compliance manager–conspired to win Department of Homeland Security contracts by creating fraudulent small business front companies.
A subsidiary of Spanish telecommunications provider Telefónica S.A. will pay $85.2 million to settle a charge that it violated the Foreign Corrupt Practices Act when it paid bribes to Venezuelan officials to gain preferential access to a currency auction.
By: Aaron Nicodemus
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with "lower corruption risk" as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
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