February 20, 2016
Western Union Co. said that a U.S. probe tied to possible money laundering is reviewing whether the firm knew about gaming transactions involving other nations, and if the business had sufficient safeguards against such conduct.
The government is investigating “concerns the company was aware there were gaming transactions,” according to the annual report to regulators Friday from the Englewood, Colorado-based money-transfer firm. The probe also is focused on whether the company “failed to take proper steps to stop the activity.”
Also added were references to transactions involving Haiti, Philippines, Vietnam, the Dominican Republic, Peru and the Bahamas. It also includes references to Costa Rica, Nicaragua and Panama, which were mentioned in the prior document.
Western Union said in Friday’s filing that the company is providing information and documents to the investigators. Dan Diaz, a spokesman for the company, didn’t immediately return a message seeking comment.