Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586 Million in

CA 2017 Community Banks / Credit Unions

DOJ Fraud

Penalty

$586 million

Outcome

Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586 Million in Settlement with Justice Department and Federal Trade Commission

Details

Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586 Million in — DOJ Enforcement (2017)

Outcome: Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586 Million in Settlement with Justice Department and Federal Trade Commission

How Crucible Prevents This

Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.

Source: DOJ Press Release — Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586 Million in Settlement with Justice Department and Federal Trad

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