Annual Anti-Money Laundering & Anti-Fraud Conference hosted by Western Union

From September 13 to September 16, the Western Union Company has been hosting in Denver its fifth Annual Anti-Money Laundering & Anti-Fraud Compliance Conference. This is the annual conference that brings together Anti-Money Laundering (AML) compliance officers from the largest agents of Western Union in the United States and Canada with federal and state regulators and law enforcement. For the first time it was launched in 2006 with the intention to educate Western Union Agents on anti-money laundering best practices, regulations and law enforcement trends. Since its introduction, it has become one of the largest anti-money laundering/anti-fraud conferences in North America.

Western Union, which is a money services business financial institution, provides its services through a broad network of third-party agents including banks, postal organizations, grocery stores and other retailers. The Anti-Money Laundering & Anti-Fraud Compliance Conference has the goal to improve the effectiveness of Western Union Agents at preventing money laundering and fraud, and features presentations of the financial services industry’s federal regulators and law enforcement in the U.S. and Canada.

President of the Western Union Stewart Stockdale said in his comments: “We clearly understand our responsibility to protect consumers and the global financial system from potential abuse, and that is what this conference is focused on… At Western Union, we view anti-money laundering as a core part of our business, and also as a competitive advantage.”

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