As part of a deal with the United States, US financial services firm Western Union Co. has agreed to pay a federal fine of $586 million (or €545.2 million) after admitting that it allowed the processing of online gaming transactions which turned out to be illegal. Simply put, it aided and allowed wire fraud and failed to maintain an effective anti-money laundering program.
As part of a deal with the United States, US financial services firm Western Union Co. has agreed to pay a federal fine of $586 million (or €545.2 million) after admitting that it allowed the processing of online gaming transactions which turned out to be illegal. Simply put, it aided and allowed wire fraud and failed to maintain an effective anti-money laundering program.
