NY DFS Fines Western Union $60 Million for Anti-Money Laundering Violations

Payments
NY DFS Fines Western Union $60 Million for Anti-Money Laundering Violations
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NY DFS Fines Western Union $60 Million for Anti-Money Laundering Violations
The New York State Department of Financial Services (DFS) has fined Western Union for failure to implement effective anti-money laundering compliance programs in-house and for failure to report suspicious activity – some of which could have facilitated human trafficking.

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