01 May MONEYGRAM EXPERT WITNESS TESTIMONY – TRIAL TESTIFYING & CONSULTING
MoneyGram expert witness testimony consultants cover the leading global funds transfer service at the behest of law firms and attorneys across a growing range of legal matters. In a number of cases involving areas like finance, fintech and business (marketing, advertising, etc.) you’ll find MoneyGram expert witnesses weighing in.
- Anti-Money Laundering (AML) Compliance Violations
The firm has faced scrutiny over its adherence to anti-money laundering regulations. In 2014, the Financial Crimes Enforcement Network (FinCEN) assessed a $1 million penalty against a former executive for failing to ensure compliance with the Bank Secrecy Act. Top MoneyGram expert witnesses specializing in financial regulations and compliance standards were instrumental in these proceedings.
- Consumer Fraud and Scams
The company has been involved in cases where its services were allegedly used to facilitate consumer fraud. For instance, in 2019, a lawsuit was filed alleging that its system was used by scammers to defraud individuals. A MoneyGram expert witness in fraud detection and financial transactions provided testimony regarding the company’s practices and the effectiveness of its anti-fraud measures.
- Securities and Investor Litigation
The firm has been a defendant in securities litigation, particularly concerning allegations of misleading investors about its compliance efforts. In 2018, the company settled with the Federal Trade Commission over allegations that it failed to implement effective anti-fraud measures. Financial analysts and compliance MoneyGram expert witnesses were called upon to assess the impact of these practices on the company’s financial standing.
- Contractual Disputes and Employment Matters
Also it has been involved in legal disputes related to employment and contractual obligations. For example, in a pension plan case, a MoneyGram expert witness was engaged to evaluate actuarial data and pension calculations to resolve the dispute.
- Regulatory Compliance and Operational Practices
The company has faced regulatory challenges concerning its operational practices. In 2017, a former executive settled with FinCEN over allegations of failing to terminate outlets involved in fraudulent activities. Top MoneyGram expert witnesses in regulatory compliance and operational procedures provided insights into the company’s internal controls and practices.
