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Violation Tracker Individual Record

Company: Western Union Financial Services, Inc.
Current Parent Company: Western Union
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $2,000,000
Year: 2008
Date: October 16, 2008
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Western Union agreed to pay $2 million in settlement of an Administrative Order finding they violated regulations governing money transmitters by failing to prominently display notices and failing to keep records of customers' identities.
Level of Government: state
Action Type: agency action
Agency: Arizona Department of Insurance and Financial Institutions
Civil or Criminal Case: civil
Facility State: Arizona
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)
Notes: This case was brought by the Arizona Department of Financial Institutions before it merged with the Department of Insurance.
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.