Southwest Border Agreement Western Union

Attorney General Brnovich continued, “Western Union`s anti-money laundering program is a critical instrument in helping the state of Arizona combat drug and human trafficking along the border. We have forged a close partnership with one goal: to protect Arizonans from criminal activity. WUFSI used master agents along the U.S. southwest border with Mexico, who would contract with sub-agents to provide funds to beneficiaries in Mexico (this model is called “Master Agent” or “Master Payee”). WUFSI failed to verify a number of these sub-agents on-site or to ensure that its master officers were conducting checks. With its vigo payment services, Orlandi Valuta, Pago Facil and Western Union Business Solutions, Western Union offers consumers and businesses fast, reliable and convenient ways to send and receive money worldwide, send payments and purchase payment orders. As of March 31, 2016, Western Union, Vigo and Orlandi Valuta services have been offered through a combined network of more than 500,000 agent sites in 200 countries and territories and more than 100,000 ATMs and kiosks and included the ability to send money to more than one billion accounts. In 2015, The Western Union Company closed 262 million consumer transactions worldwide and moved $82 billion in capital between consumers and 508 million business payments. For more information, see The agreement reflects the company`s commitment to ensuring that its services “are not diverted by criminal activity and to strengthening the fight against illegal activities along the U.S.-Mexico border,” Western Union said. But this dynamic is also changing, with Western Union doubling, according to investigators, the search for and correction of big and small problems.

ENGLEWOOD, Colo.–(BUSINESS WIRE)-Western Union Company (NYSE: WU), a leading global payment service provider, today announced the completion of the monitor`s key recommendations, pursuant to the Southwest Border Settlement Agreement of February 11, 2010. “Today`s landmark agreement, which involves the largest financial disqualification of a money services company, makes it clear that all businesses and their agents are held accountable for behaviors that circumvent compliance programs aimed at preventing criminal behavior,” he said. In this order, Western Union, based in Englewood, Colorado, will lose $586 million and enter into a deferred prosecution agreement (DPA) with the United States.