The Western Union Company (NYSE: WU), a leader in global payment
services, is hosting its ninth annual Anti-Money Laundering, Anti-Fraud
and Compliance Conference this week Englewood, Colo.
One of the largest events of its kind, the conference brings together
diverse perspectives from industry experts in anti-money laundering,
compliance, fraud and human trafficking to share best practices with
some of Western Union’s largest Agents, who offer Western Union services
in more than 200 countries and territories.
Western Union CEO and President Hikmet Ersek addressed the more than 300
participants on Wednesday, Sept. 17, with an opening keynote emphasizing
the importance of compliance.
“Western Union is committed to helping protect its customers against
fraud and other financial crimes,” said Barry Koch, chief compliance
officer for Western Union. “It’s the right thing to do for our customers
and for our business. We believe the investments we’re making now are
the right ones for the long-term health of the company.”
More than 40 experts from several organizations will speak, including
Homeland Security Investigations, the Internal Revenue Service (IRS),
the U.S. Postal Inspections Service (USPIS), the Drug Enforcement Agency
(DEA), the Federal Bureau of Investigation (FBI) and law enforcement
from across the U.S.
Discussion topics include trade-based money laundering, consumer
protection and how financial professionals can help curb the practice of
human trafficking.
Western Union actively educates its customers about fraud and provides
them with tips and information they can use to help protect themselves.
For more information, visit the company’s online Consumer Protection
Center:www.westernunion.com/stopfraud.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment
services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western
Union Business Solutions branded payment services, Western Union
provides consumers and businesses with fast, reliable and convenient
ways to send and receive money around the world, to send payments and to
purchase money orders. As of June 30, 2014, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of over 500,000 agent locations in 200 countries and territories and
over 100,000 ATMs. In 2013, The Western Union Company completed 242
million consumer-to-consumer transactions worldwide, moving $82 billion
of principal between consumers, and 459 million business payments. For
more information, visit www.westernunion.com.
Copyright Business Wire 2014