As Deadline Nears, Western Union Again Asks Arizona for Time to Settle AML Allegations

By Colby Adams

For the second time this year, the nation's largest money transmitter has asked Arizona for additional time to upgrade its anti-money laundering program, according to sources familiar with the matter. The extension, which is expected to give Englewood, CO-based Western Union at least one more month to comply with terms of the their March 2010 settlement with the state, follows the passing of Assistant Attorney General Cameron Holmes on Sept. 29. Holmes, as the state's lead prosecutor in the case, spearheaded the unprecedented settlement. Western Union admitted in the 2010 agreement to failing to sufficiently vet remittances linked to human...