MoneyGram started a war against money-laundering and financial crimes

Lately one could notice the increasing number of cases when people were scammed by means of money transfer providers such as Western Union. Being tired of mentioning in criminal news MoneyGram International remittance service has announced its intention to put an end to fraud and other financial crimes. The world leader has told that it along with its agent banks in Nigeria would continue its cooperation with the Economic and Financial Crimes Commission (EFCC).

“MoneyGram and its partner banks in Nigeria will continue to pro-actively fight fraud in Nigeria and in specific, guard against being used by trans-national fraud syndicates”, said Chris Botes, Regional Compliance Director at MoneyGram during his visit to Abuja where he met with Farida Waziri, Chairman of EFCC. Also the spokesman added that the company is working with Nigeria Financial Intelligence Unit (NFIU) and other law enforcement agencies and regulators in implementing the anti- money laundering regime in the country. 

He promised that MoneyGram will proactively identify fraud while processing money transfers and utilize modern information technology which automatically screens and filters transactions to counter fraud and money laundering.