US authorities obliged MoneyGram to pay almost 40,000 victims of fraud using the money transfer service compensation in the amount of $ 115 million
Users will receive their share of funds that MoneyGram confiscated in 2018 as part of an agreement on deferred judicial persecution (DPA). This action was led by the US Federal Trade Commission (FTC) and the US Department of Justice (Doj).
According to court documents, the MoneyGram service violated the 2 previous agreements – FTC from 2012 and the Ministry of Justice from 2015 – in which MoneyGram was obliged to prevent the actions of scammers using the service of the service of users.
In particular, MoneyGram agreed to introduce a program for preventing fraud, which demanded from the company immediately “investigate, limit, suspend and dismiss agents engaged in fraud.”