Chief Compliance Officer & Legal Counsel, Cambridge Mercantile Group
Karen Bannon is the Chief Compliance Officer & Legal Counsel for Cambridge Mercantile Group. Cambridge is an international foreign exchange and global payments business operating in Canada, US, UK and Australia. Karen is a Certified Anti-Money Laundering Specialist (CAMS) and became a member of the Board of Directors of the Canadian MSB Association in 2013.
Karen is a lawyer, graduating from the University of Windsor Law School in 2003 and called to the Ontario bar in 2004. She began her legal her career in private practice then spent a number of years in the Legal & Compliance Department at the Royal Bank of Scotland (formerly ABN AMRO, Bank N.V.). In her current role, Karen is responsible for Cambridge’s global Compliance regime, specifically all matters concerning anti-money laundering and counter-terrorism financing (proceeds of crime, BSA, sanction programs, KYC and related staff training). In addition to her compliance functions, Karen provides legal advice with respect to Cambridge’s employment issues and is responsible for non-US privacy matters.