When sending the transfer via MoneyGram in one currency and receiving it in another, then currency conversion is carried out at the current rate of sales of current service point. Bank services of MoneyGram on money transfer are available only to individuals. Last year, MoneyGram business in the CIS and Eastern Europe took priority positions to increase the number of branches in comparison with other regions - were opened new four thousand branches. MoneyGram hired compliance officers in many of their global offices to ensure compliance with regulations of specific countries or regions. Until 2004, the owners of MoneyGram were Viad Corp and Travelers Express Company Inc.