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Former MoneyGram CCO Fined $1 Million

Joe Mont | December 18, 2014

The former chief compliance officer for MoneyGram International has been fined $1 million for failing to ensure that his company abided by the anti-money laundering provisions of the Bank Secrecy Act.

The announcement was made on Thursday by the Treasury Department’s Financial Crimes Enforcement Network. Concurrently, the U.S. Attorney’s Office for the Southern District of New York...

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