Earlier today, the United States Federal Trade Commission (the “FTC”) approved a settlement agreement with Walmart (the “Company”) resolving the lawsuit by the FTC against the Company filed in the United States District Court for the Northern District of Illinois (the “District Court”) regarding its money transfer agent services and the Company’s anti-fraud program in its capacity as an agent (the “Agreement”). Per the terms of the Agreement, the FTC will dismiss the case with prejudice and the Company will pay the FTC $10 million and will continue its program of preventing fraud induced money transfers in its capacity as a money transfer services agent. Walmart did not admit to any of the allegations in the lawsuit. The Agreement has been filed with, and is pending approval by, the District Court.
About Walmart
Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better — anytime and anywhere — in stores, online, and through their mobile devices. Each week, approximately 270 million customers and members visit more than 10,750 stores and numerous eCommerce websites in 19 countries. With fiscal year 2025 revenue of $681 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart, on X (formerly known as Twitter) at twitter.com/walmart, and on LinkedIn at linkedin.com/company/walmart.
