Lasco Financial Services has sought to clarify and assure consumers and shareholders that the issues plaguing MoneyGram on the international scene do not pose a threat to MoneyGram's ongoing business or to LASCO Financial Services' commercial activity.
It issued a statement on Friday in response to a Gleaner article entitled MoneyGram Woes.
MoneyGram was recently fined US$125 million for breaching a settlement that required it to improve its anti-money laundering controls in 2012.
Lasco said, since the original prosecution in 2012, MoneyGram has taken significant steps to improve its compliance programme and have remediated many of the issues which were originally detected.
LASCO Financial Services is MoneyGram's largest Agent in Jamaica.