MoneyGram Settles With OFAC Over ‘Apparent Violations’ Of Sanctions

The U.S. Department of the Treasury announced that MoneyGram Payment Systems, Inc. agreed to remit $34,328.78 to settle “potential civil liability” for 359 apparent contraventions of different sanctions programs, according to a Thursday (April 29) enforcement release.

The amount of MoneyGram’s settlement reflected the Treasury’s Office of Foreign Assets Control (OFAC)’s finding that the company’s apparent contraventions “were voluntarily self-disclosed and were non-egregious,” according to the enforcement release.

“MoneyGram provided services to blocked individuals incarcerated in U.S. federal prisons without a license from OFAC, processed transactions on behalf of an additional blocked person, and processed transactions for individuals who initiated commercial transactions involving Syria,” according to the enforcement release.

Separately, the Treasury Department announced that SAP SE has agreed to pay $2,132,174 to settle “potential civil liability” for 190 apparent contraventions “involving the export of software and related services from the United States to Iran,” according to a Thursday (April 29)  enforcement release.

The amount of the SAP’s settlement reflects OFAC’s finding that “SAP’s conduct was non-egregious and voluntarily self-disclosed, and accounts for SAP’s remedial response.”