DENVER--(BUSINESS WIRE)--
The Western Union Company (NYSE: WU), a leader in global payments
services, kicks off its 11th Anti-Money Laundering,
Anti-Fraud and Compliance Conference today through September 20 at the
Denver Tech Center.
This year’s conference - the first hosted in the U.S. to welcome Western
Union’s Agents from across the globe – will bring together Agents, Law
Enforcement and Western Union employees to share best practices on the
latest Anti-Money Laundering (AML)/Counter Financing of Terrorism (CFT)
and consumer protection laws and regulations, enforcement trends and
compliance strategies used to detect and combat fraud and money
laundering.
A host of subject matter experts, both from within Western Union and
from several external organizations, including U.S. Department of
Homeland Security, Drug Enforcement Administration and Polaris, will
cover several industry topics, including Dodd-Frank and Consumer
Protection Updates, Preventing and Mitigating Cybercrime Threats,
Combating Human Trafficking, Narcotics-related Money Laundering and the
Current Focus of Regulators and Law Enforcement.
“Compliance is not just a department, or a set of rules to follow,” said
Jacqueline Molnar, Chief Compliance Officer at Western Union. “It is at
the heart of what it means to be a responsible company and is integral
to the way in which we do business. This is why we continue to invest
heavily in compliance, why more than 20% of our workforce is dedicated
to compliance and why we’re all gathered here this week to share best
practices.”
Western Union continues to invest 3-4 per cent of its revenue annually
in compliance, helping to protect and empower consumers around the
globe. This dedication extends to those on the front line at the more
than 550,000 Agent locations around the globe.
Western Union also actively educates consumers on how to protect
themselves from fraud with scam types and descriptions, warning signs,
videos, articles and resources located at www.wu.com/fraudawareness.
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 June 30, 2017, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of over 550,000 agent locations in 200 countries and territories and
over 150,000 ATMs and kiosks, and included the capability to send money
to billions of accounts. In 2016, The Western Union Company completed
268 million consumer-to-consumer transactions worldwide, moving $80
billion of principal between consumers, and 523 million business
payments. For more information, visit www.westernunion.com.
WU-G
View source version on businesswire.com: http://www.businesswire.com/news/home/20170918005246/en/
Source: The Western Union Company