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Violation Tracker Individual Record

Company: Western Union Company
Current Parent Company: Western Union
Penalty: $586,000,000
Year: 2017
Date: January 19, 2017
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Mega-Scandal: Anti-Money Laundering Deficiencies
Violation Description: The Western Union Company, a global money services business headquartered in Englewood, Colorado, agreed to forfeit $586 million and enter into agreements with the Justice Department, the Federal Trade Commission, and the U.S. Attorney's Offices for the Middle District of Pennsylvania, the Central District of California, the Eastern District of Pennsylvania and the Southern District of Florida. In its agreement with the Justice Department, Western Union admitted to criminal violations including willfully failing to maintain an effective anti-money laundering program and aiding and abetting wire fraud.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: Colorado
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.