Category: Compliance

Subscribe to Compliance RSS Feed

Compliance Officer Assessed $1 Million Penalty for Program Failures

In a rare move targeting an in-house compliance officer, the former Chief Compliance Officer of MoneyGram International Inc. has been assessed a $1 million civil penalty by the U.S. Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) for failing to implement and maintain an effective anti-money laundering (“AML”) program and for failing to file suspicious activity reports (“SARs”) … Continue Reading
LexBlog