NY Fines Western Union $60M For Allowing Shady Payments

By Pete Brush (January 4, 2018, 2:11 PM EST) -- New York's financial regulator hit The Western Union Co. with a $60 million fine Thursday for allowing more than 1 million transactions that were red flags for money laundering — including payments "that may have aided" human traffickers — as New York City shops moved $2.9 billion of transfers with Chinese counterparts over nine years....

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