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Violation Tracker Individual Record

Company: MoneyGram Payment Systems
Current Parent Company: Madison Dearborn Partners
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $13,000,000
Year: 2016
Date: February 11, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: MoneyGram Payment Systems agreed to pay $13 million to resolve multistate litigation alleging that it failed to take adequate steps to prevent its wire transfer system from being used in schemes to defraud consumers.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.