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Western Union, Board Sued Over Laundering by Traffickers (1)

Jan. 17, 2020, 4:33 PMUpdated: Jan. 17, 2020, 5:30 PM

Western Union Co.’s board and top executives were hit with a Delaware lawsuit Friday claiming they’ve “facilitated money laundering by cross-border drug cartels and human traffickers” through “deliberate misconduct” since at least 2004.

Company leadership “ignored reports that the company was not meeting its obligations, failed to seek out critical, readily-available information,” and “willfully failed to implement an effective anti-money laundering program,” the suit says.

Organized crime rings and routine financial scammers use Western Union’s services to make or induce “hundreds of thousands if not millions” of fraudulent or illegal transfers, according to the Chancery Court suit. The 151-page complaint...

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