MoneyGram Penalized $8.25M for Lax Agent Supervision During Chinese Transfer Spike

MoneyGram has agreed to pay an $8.25 million fine related to its failure to properly monitor local storefronts’ transfer activity to China. The company confirmed today it agreed to the settlement with the New York Department of Financial Services through a consent order. The company… Read More
Read more in: Fintech, Global, Politics, Legal & Regulation | Tagged adrienne a. harris, alex holmes, aml, china, fines, money transfers, moneygram