HALISTER1: Euronet Writes Mnuchin That MoneyGram/Ant Raises Security Issues

Euronet Writes Mnuchin That MoneyGram/Ant Raises Security Issues

(Bloomberg) -- MoneyGram/Ant Financial deal raises “significant” national security risks that merit careful evaluation, Euronet Worldwide CEO Michael J. Brown writes in letter dated March 27 to Treasury Secretary Steve Mnuchin obtained by Bloomberg News.
  • Say significant risk exists where foreign buyers purchase a company in the money transfer industry
  • Also raises concerns about potential misuses or hacking of highly sensitive information, money laundering or terrorist financing
  • Euronet also sent the letter to at least 16 senators, representatives
  • NOTE: March 26, MoneyGram Enters Confidentiality Pact With Euronet Worldwide
  • NOTE: March 17, MoneyGram-Ant Deal Could Be Shot Down by Cfius, Beacon Says

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
EEFT US (Euronet Worldwide Inc)
MGI US (MoneyGram International Inc)
BABA US (Alibaba Group Holding Ltd)

People
Michael Brown (Euronet Worldwide Inc)
Steven Mnuchin (United States of America)

Topics
First Word DC - Foreign Policy

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