Category Financial Crimes Enforcement Network

Compliance Officer Assessed $1 Million Civil Penalty for Failing to Respond to Consumer Complaints

Last month, the Financial Crimes Enforcement Network (“FinCEN”) issued a $1 million civil money penalty against Thomas Haider, the former Chief Compliance Officer for MoneyGram International (“MoneyGram”).  FinCEN is a bureau of the U.S. Department of the Treasury that regulates financial crimes.  This penalty is notable because it assessed individual liability and was issued in […]