Source: Boing Boing
Western Union admitted it behaved criminally through its “willful failure to maintain an effective anti-money laundering program and aiding and abetting wire fraud,” reports Forbes. They’ve agreed to pay a $586 million fine. From the Forbes article:
In a statement from the U.S. Department of Justice and Federal Trade Commission on Thursday, authorities describe insufficient or poorly enforced policies that resulted in the funneling of hundreds of millions of dollars in proceeds from illegal gambling, fraud and drug and human trafficking.