While Thomas Haider, the former chief compliance officer of MoneyGram International Inc., battles federal civil charges for failure to stop money laundering activities, other financial institutions now must ponder how they can still hire top compliance chiefs if the feds are successful in imposing personal liability on Haider.
The 57-page complaint was filed Dec. 18 by the U.S. attorney in Manhattan on behalf of the U.S. Financial Crimes Enforcement Network (FinCEN). It seeks a $1 million penalty and a bar against Haider working in the U.S. financial industry for an undetermined length of time over his alleged reckless or willful failure to ensure that his company abided by federal antimoney laundering laws.
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