Western Union Successfully Completes Southwest Border Monitor Primary Recommendations
July 28 2016 - 8:15AM
Business Wire
The Western Union Company (NYSE: WU), a leader in global payment
services, today announced the successful completion of the
primary recommendations made by the monitor pursuant to the
Southwest Border settlement agreement, dated February 11,
2010.
The monitor appointed by the Maricopa County Superior Court, in
the State of Arizona, has concluded that Western Union has
successfully implemented an effective anti-money-laundering program
and implemented all the primary recommendations made by the office
of the monitor.
In a press release issued today, Arizona Attorney General
Mark Brnovich said, “Over the last few years Western Union has
made great strides in developing an effective AML program. We
believe Western Union’s Southwest AML Compliance Program should be
a model for others in the industry.”
Attorney General Brnovich went on to say, “Western
Union’s Anti-Money Laundering Program is a crucial tool in helping
the State of Arizona combat drug and human trafficking along the
border. We’ve forged a close partnership, with one goal in mind: to
protect Arizonans from criminal activity.”
John R. Dye, Executive Vice President, General Counsel and
Secretary at Western Union said, “The completion of the primary
recommendations represents a significant milestone for Western
Union. Western Union’s business is based on trust. Protecting the
integrity of our network, while remaining compliant and providing
services to consumers and businesses worldwide, is a key priority
for the company. Western Union has worked hard to implement
the primary recommendations and is grateful for the close
cooperation provided by the Office of the Attorney General as we
have collaborated on strengthening our compliance
programs.”
Western Union lauds the court-appointed monitor, BDO, LLP,
for its hard work and outstanding efforts in overseeing the
successful completion of the primary recommendations of the agreed
plan.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global
payment services. Together with its Vigo, Orlandi Valuta, Pago
Facil and Western Union Business Solutions branded payment
services, Western Union provides consumers and businesses with
fast, reliable and convenient ways to send and receive money around
the world, to send payments and to purchase money orders. As of
March 31, 2016, the Western Union, Vigo and Orlandi Valuta branded
services were offered through a combined network of over 500,000
Agent locations in 200 countries and territories and over 100,000
ATMs and kiosks, and included the capability to send money to over
a billion accounts. In 2015, The Western Union Company completed
262 million consumer-to-consumer transactions worldwide, moving $82
billion of principal between consumers, and 508 million business
payments. For more information,
visit www.westernunion.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160728005764/en/
Western Union Press Contact:Dan Diaz, +1 (303)
547-2347Daniel.Diaz@WesternUnion.com
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