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New York regulator fines Western Union $60M

Published 01/04/2018, 11:07 AM
© Reuters.  New York regulator fines Western Union $60M
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  • New York Department of Financial Services announces that Western Union (WU +0.4%) agreed to pay $60M for violations of anti-money laundering laws.
  • The regulator says the company failed to maintain an anti-money laundering compliance program for more than a decade.
  • DFS maintains that several Western Union executives knew about or willfully ignored improper conduct involving "NY China Corridor agents."
  • NY Department of Financial Services press release
  • Now read: The Western Union Company 2017 Q3 - Results - Earnings Call Slides


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