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Walmart Reveals DOJ Also Investigating Its Money Transfer Anti-Fraud Practices

The disclosure comes two months after the FTC filed suit alleging the retailer facilitated fraudulent activity.

September 7, 2022

The U.S. The Attorney's Office for the Middle District of Pennsylvania is now investigating Walmart’s (WMT) consumer fraud prevention program and anti-money laundering compliance related to the Company's money transfer agent services.

Two months prior, the Federal Trade Commission sued the company for allegedly turning a blind eye to con artists who swindled Walmart customers via money transfer scams.

The disclosure was made in a footnote in the company’s latest quarterly report, which was filed on a Friday after markets closed and ahead of the Labor Day holiday.


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