Western Union Under Investigation For Fraudulent Transfers

Law360, Los Angeles (February 24, 2014, 9:55 PM EST) -- The Western Union Co. is under federal investigation over allegedly fraud-induced money transfers on its network, the company said in a regulatory filing Monday.

The U.S. Attorney’s Office for the Middle District of Pennsylvania had sent the company a series of subpoenas beginning Nov. 25 regarding money transfers in Western Union’s network that were triggered by a fraud, the wire transfer company told investors in its 10-K filing. Western Union said the government had asked it for records about the suspension and termination policies it has...
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