Violation Tracker Individual Record

Company: 
MoneyGram International Inc.
Current Parent Company: 
MoneyGram International
Penalty: 
$100,000,000
Year: 
2012
Date: 
November 9, 2012
Offense Group: 
financial offenses
Primary Offense: 
anti-money-laundering deficiencies
Violation Description: 

MoneyGram International Inc. agreed to forfeit $100 million and enter into a deferred prosecution agreement with the Justice Department in which it admitted to criminally aiding and abetting wire fraud and failing to maintain an effective anti-money laundering program.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
HQ Country of Parent: 
USA
HQ State of Parent: 
Texas
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
money transfer services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.