Settlement Agreement between the Office of Foreign Assets Control and MoneyGram Payment Systems, Inc


On April 29, 2021, the Office of Foreign Assets Control ("OFAC") announced that MoneyGram Payment Systems, Inc. agreed to remit $34,328.78 in settlement for 359 apparent violations of multiple sanctions programs. Among these violations were the processing of transactions from persons initiating commercial transactions involving Syria, and processing of unlicensed transactions from blocked individuals incarcerated in U.S. federal prisons.

Subscribe to Our Latest
News E-Mail Updates
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
interTradeTalk sm

Let's Work Together

Contact Us