Login

Register | Forgot Your Password? | Close
Register | Forgot Your Password? | Close

PHOENIX -- The state of Arizona and Western Union are working hand in hand to combat the growing problem of money laundering in the state.

"Western Union, in the coming year, is going to spend one-fifth of $1 billion on compliance -- things to do to prevent people who are involved in wiring money from facilitating money laundering or drug trafficking," Attorney General Tom Horne said.

He said this is part of a settlement agreement where Western Union will have to follow 90 recommendations, including strict monitoring of its agents.

"It's a very historic agreement, which will be a model for the industry and I think essentially substantially reduce, if not eliminate, money laundering as a key part of the drug-importing business," Horne said.

The attorney general said he hopes the partnership will also help reduce border violence, gun running and human smuggling efforts.

Martha Maurer, News Editor

share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.
  • CopperPoint Mutual Insurance Company

    SCF Arizona has a new name. They are now CopperPoint Mutual Insurance Company.
  • Taylor Morrison

    World Class People. World Class Company. We are a national home builder committed to building homes inspired by you.
  • Go Daddy

    World Class People. World Class Company. Go Daddy is a Fortune 100 "Best Companies to Work For."
  • Avnet

    World Class People. World Class Company. Here's information on a Fortune 500 company from Arizona.

Voice For A Better Arizona

  • Working For Arizona

    The business and economics of Arizona at the start of 2014 and looking forward.
  • Arizonans In Need

    Putting a focus on charities and organizations who provide help and/or need your help to fulfill their missions.
close

Share: