Western Union Company Rotten Score Breakdown

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