Violation Tracker Individual Record

Western Union
Current Parent Company: 
Western Union
January 4, 2018
Offense Group: 
financial offenses
Primary Offense: 
anti-money-laundering deficiencies
Violation Description: 

Western Union agreed to pay a $60 million fine as part of a consent order with the New York State Department of Financial Services for violations of New York Bank Secrecy Act and anti-money laundering laws. An investigation by DFS found that, for more than a decade, Western Union failed to implement and maintain an anti-money laundering compliance program to deter, detect and report on criminals' use of its electronic network to facilitate fraud, money laundering and the illegal structuring of transactions below amounts that would trigger regulatory reporting requirements.

Level of Government: 
Action Type: 
agency action
New York Department of Financial Services
Civil or Criminal Case: 
Facility State: 
New York
HQ Country of Parent: 
HQ State of Parent: 
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.