Western Union Says U.S. Money Laundering Probe Tied to Gaming
- Probe focuses on concerns the company was aware of gaming
- Money-transfer firm adds references to Haiti, Vietnam
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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.”