Mark Iandolo Aug. 25, 2016, 7:15pm


PHOENIX (Legal Newsline) – Arizona Attorney General Mark Brnovich announced a new development in the Anti-Money Laundering (AML) agreement with Western Union Financial Services Inc. 

“Western Union’s Anti-Money Laundering Program is a crucial tool in helping the state of Arizona combat drug and human trafficking along the border,” Brnovich said. “We’ve forged a close partnership with one goal in mind: to protect Arizonans from criminal activity.”

 

The Maricopa County Superior Court appointed BDO LLP to independently monitor the settlement. BDO’s report states that the company has successfully implemented an AML compliance program in the Southwest Border Area.

 

“Western Union has worked hard to implement the primary recommendations and is grateful for the close cooperation provided by the Office of the Attorney General as we have collaborated on strengthening our compliance programs,” John Dye, Western Union general counsel, said.

 

Western Union still needs to complete certain secondary recommendations, which should be finished next year.

 

“Over the last few years, Western Union has made great strides in developing an effective AML program,” Brnovich said. “We believe Western Union’s Southwest AML Compliance Program should be a model for others in the industry.”

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