PayPal received subpoenas by DOJ over money laundering program

PayPal revealed on Wednesday that it is being investigated for violations of anti-money laundering regulations and U.S. sanctions.

The California-based online payment processor said in a securities filing that it had received a subpoena from the U.S. Department of Justice seeking information related to its “historical anti-money laundering program” as well as new subpoenas related to potential sanctions violations from the U.S. Department of the Treasury.

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