Western Union Hosts its 11th Anti-Money Laundering, Anti-Fraud and Compliance Conference
18 September 2017 - 10:00PM
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
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version on businesswire.com: http://www.businesswire.com/news/home/20170918005246/en/
Western Union GlobalClaire Treacy, +1
303-547-2347Claire.treacy@westernunion.com
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