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MoneyGram's Settlement With the Justice Department Has Concluded: What It Could Mean for the Stock

TheMotleyFool

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MoneyGram's Settlement With the Justice Department Has Concluded: What It Could Mean for the Stock

Cross-border money transfer business MoneyGram International (NASDAQ: MGI) has produced more than its fair share of legal issues over the past decade. Most notably, in 2009, MoneyGram settled a wire fraud accusation, and this past year, MoneyGram settled a money laundering case and completed a mandatory compliance improvement program with U.S. regulators.

But with this most recent case settled and better internal compliance programs at hand, MoneyGram's executives are now free to refocus on running and growing the business. This should be good news for shareholders looking forward.

Source Fool.com

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