Correction: A Nov. 15 article about a whistleblower complaint against MoneyGram International Inc. by fired in-house compliance manager Juan Lozada-Leoni mistakenly said that MoneyGram outside counsel John Barcus and MoneyGram’s Michelle Buckalew, head of global corporate communications, declined to comment. In fact, Barcus said, “MoneyGram contends that Mr. Lozada-Leoni’s allegations are without merit.” And Buckalew said in an email, “While MoneyGram stands by the Department of Labor’s determination that Mr. Lozada-Leoni’s claim is without merit, MoneyGram cannot discuss the specifics of the matter while Mr. Lozada-Leoni’s appeal is pending.” Their statements should have been inserted into the article and Corporate Counsel regrets the oversight.
Federal prosecutors reached a renewed deferred prosecution agreement last week with MoneyGram International Inc. over its anti-money laundering compliance violations. Behind the scenes stood an in-house whistleblower, who helped draw a road map of MoneyGram’s compliance failures cited by the government.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]