Security News > 2017 > January > Western Union admits it facilitated scammers, forfeits $586 million (Help Net Security)

Western Union has agreed to forfeit $586 million and enter into agreements with the Federal Trade Commission, the Justice Department, and several U.S. Attorneys’ Offices. Western Union admits to criminal violations including willfully failing to maintain an effective anti-money laundering program and aiding and abetting wire fraud. “As this case shows, wiring money can be the fastest way to send it – directly into the pockets of criminals and scam artists,” said Acting Assistant Attorney … More →

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