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FinCEN Levies Unprecedented $1 Million Fine Against Former MoneyGram Exec
By Colby Adams and Kira Zalan
printU.S. officials on Thursday fined a former chief compliance officer for MoneyGram $1 million for his alleged role in compliance-related violations that led to the company's 2012 deferred prosecution agreement. In a written assessment of the fine, the U.S. Treasury Department's Financial Crimes Enforcement, or FinCEN, found that Thomas Haider knowingly ignored signs of a longstanding telemarketing scheme that tricked thousands of Americans into wiring millions of dollars to locations in Canada on the premises that they had won the lottery, secured loans or been hired as secret shoppers. Haider, a 16-year veteran at MoneyGram who left the company in...
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