ENGLEWOOD, Colo.
--(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
.
#WU-G
View source version on businesswire.com:
http://www.businesswire.com/news/home/20160728005764/en/
Source: The
Western Union Company