Western Union Company Rotten Score Breakdown
💼Corporate Misconduct
Community concern only
Community ratings exist, but no approved evidence has been submitted. Community ratings do not affect the Rotten Score.
Avg Rating: 5.00Ratings: 1Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
📰Human Rights & Exploitation
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
🎭Fraud & Corruption
Community concern only
Community ratings exist, but no approved evidence has been submitted. Community ratings do not affect the Rotten Score.
Avg Rating: 5.00Ratings: 1Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
🧪Deceptive Practices
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
🚨Environmental Harm
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
🌱Sustainability Deception
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
💸Workplace Misconduct
No documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
⚠️Financial Misconduct
No flavor assigned
Avg Rating: 5.00Ratings: 1Severity Score: 6.00Evidence Count: 1Contribution: 30.0 pts
Misconduct: low 0 · medium 0 · high 1
Remediation: low 0 · medium 0 · high 0ⓘ cap: 25%
Western Union Forfeited $586 Million After Admitting AML and Consumer Fraud Violations
In January 2017, The Western Union Company agreed to forfeit $586 million and entered agreements with the U.S. Department of Justice and Federal Trade Commission over anti-money-laundering and consumer-fraud failures.
In its agreement with DOJ, Western Union admitted criminal violations including willfully failing to maintain an effective anti-money-laundering program and aiding and abetting wire fraud. DOJ said that between 2004 and 2012 the company processed hundreds of thousands of transactions for agents and others involved in international consumer-fraud schemes.
The resolution also required enhanced anti-fraud and compliance measures, and the forfeited funds were made available to compensate victims.
Sources:
U.S. Department of Justice
https://www.justice.gov/archives/opa/pr/western-union-admits-anti-money-laundering-and-consumer-fraud-violations-forfeits-586-million
Federal Trade Commission
https://www.ftc.gov/news-events/news/press-releases/2017/01/western-union-admits-anti-money-laundering-violations-settles-consumer-fraud-charges-forfeits-586