Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: MoneyGram International Inc.
Current Parent CompanyMoneyGram International
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $8,250,000
Year: 2022
Date: March 16, 2022
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Violation Description: MoneyGram agreed to pay $8.25 million in settlement of allegations MoneyGram failed to adequately supervise local agents in New York City, including the Flushing neighborhood of Queens, that processed a substantial volume of suspicious transactions to China, in violation of Bank Secrecy Act/Anti-Money Laundering requirements and New York law.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: money transfer services
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.