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.”