Superintendent of Financial Services Adrienne A. Harris announced today that MoneyGram International Inc. has agreed to pay $8.25 million in penalties pursuant to a Consent Order entered into with the New York State Department of Financial Services. The Consent Order resolves the Department's investigation into MoneyGram's failure to adequately supervise local agents in New York City, including the Flushing neighborhood of Queens, that processed a substantial volume of suspicious transactions to China, in violation of Bank Secrecy Act/Anti-Money Laundering ("BSA/AML") requirements and New York law. "Many New Yorkers depend on money transmitters to send money to their families, pay bills, and conduct other financial transactions," said Superintendent Harris.