Western Union Admits Anti-Money Laundering Violations & Settles Consumer Fraud Charges, Forfeits

According to a Department of Justice and Federal Trade Commission press release on January 19, 2017 --- The Western Union Company (Western Union), a global money services business headquartered in Englewood, Colorado, has agreed to forfeit $586 million and enter into agreements with the Federal Trade Commission, the Justice Department, and the U.S. Attorneys' Offices of the Middle District of Pennsylvania, the Central District of California, the Eastern District of Pennsylvania and the Southern District of Florida. In its agreement with the Justice Department, Western Union admits to criminal violations including willfully failing to maintain an effective anti-money laundering program and aiding and abetting wire fraud. To get more information on Western Union admitting anti-money laundering violations and settling consumer fraud charges and forfeiting $586 million in settlement with FTC and Justice Department click on the pictures below to read the articles.