Money Laundering Bulletin
MoneyGram forfeits $125m after DPA breach
MoneyGram, the global money services business, is to pay$125m to the US Department of Justice after “significant weaknesses”
in its
anti-fraud and anti-money laundering programme meant it failed to comply with a
2012 deferred prosecution agreement (DPA). The original five-year DPA will now
run for a further 30 months, to 10 May 2021. [1]