Internal Watch List definition
Internal Watch List or “IWL” means MoneyGram’s lists of individuals, including Consumers, whom the Company blocks from sending or receiving Money Transfers, absent contact with the individual to ascertain if the transaction is for a legitimate purpose. For example, MoneyGram includes certain Consumers on the IWL who have sent fraudulent transactions in the past and the individuals who have received those transactions. This is a dynamic list that is updated as MoneyGram learns information about the identity of a Consumer or the Consumer’s behavior.