There has always been a concern from many people we work with about compliance officer personal liability. Specifically, is a compliance officer personally liable for the compliance of the company?

The recent settlement agreement between the FTC and the Chief Compliance Officer of Moneygram has created interesting conversations for compliance circles. In this case, the Chief Compliance Officer of Moneygram was able to reach a settlement in the liability case against him but it included a $250,000 penalty payment and 3 years restriction on working in that industry. Yep, that is enough to make you sit up and take notice.

More details at HelpMeWithHIPAA.com/114