What happens in USA when a company does not follow anti money laundering rules?
Former US Arizona Attorney General Terry Goddard and Western Union Financial Services, Inc. announced in Feb 2010 a ground-breaking $94 million settlement agreement which will provide substantial new resources for law enforcement authorities in the four Southwest border states to combat illegal activity along the entire U.S.-Mexico border.
Meanwhile, on July 2016, Western Union announced in a press release that completed successfully the primary recommendations made by the monitor pursuant to the Southwest Border settlement agreement, dated in February, 2010.
Arizona Attorney General Mark Brnovich said, “Over the last few years Western Union has made great strides in developing an effective AML program. We believe Western Union’s Southwest AML Compliance Program should be a model for others in the industry.”