Compliance Officers: Law Enforcement Partners or Targets?

<b><i>Part One of a Two-Part Article</b></i><p>Part One of this article examines key actions brought by U.S. regulators against compliance officers in 2017 based on their failures to ensure that their firms maintain effective compliance and AML programs.

10 minute read March 01, 2018 at 12:06 AM
By
Jonathan B. New and Patrick T. Campbell
Compliance Officers: Law Enforcement Partners or Targets?

In May 2014, Andrew Ceresney, then-Director of Enforcement of the U.S. Securities and Exchange Commission (SEC), in his keynote address at Compliance Week 2014, stated, “ …. legal and compliance officers who perform their responsibilities diligently, in good faith, and in compliance with the law are our partners and need not fear enforcement action.”

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