Walmart Illustration 143168216 © Alexey Novikov Dreamstime.com

REUTERS reports:

WASHINGTON, June 28 (REUTERS) – The U.S. Federal Trade Commission said Tuesday it sued Walmart Inc (WMT.N), alleging the company had done too little to prevent scam artists from using its money transfer services for fraud that cost consumers “tens of millions of dollars annually.”

Walmart, which offers some financial services, acts as an agent for money transfer services such as MoneyGram (MGI.O) and Western Union (WU.N).

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