Western Union will pay $586 million to settle U.S. civil and criminal cases that alleged the company turned a blind eye for years to criminals. The settlement, which covers violations from 2004 through 2012, is the largest ever from a money-services business, federal prosecutors say. Western Union says it has improved its anti-fraud controls since 2012. In 2015, the company moved $82 billion worth of consumer payments, the Justice Department says. In one of the most serious accusations, the Department of Justice alleged that its agents were accommodating funds transfers connected with human smuggling.”]
Source: https://www.cuinfosecurity.com/western-union-to-pay-586-million-in-us-fraud-settlement-a-9644