Wednesday, January 27, 2021

MoneyGram Pays $125 Million to Defer Prosecution for Money Laundering

MoneyGram Pays $125 Million to Defer Prosecution for Money Laundering 1
By Olaalpha

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MoneyGram Pays $125 Million to Defer Prosecution for Money Laundering 2
A MoneyGram kiosk is seen in New York, U.S. January 3, 2018. REUTERS/Shannon Stapleton

MoneyGram, a global money service, has agreed to extend its deferred prosecution agreement and forfeit $125 million due to significant weaknesses in MoneyGram’s anti-fraud and anti-money laundering (AML) program resulting in MoneyGram’s breach of its 2012 deferred prosecution agreement (DPA) […]

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