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To Face Terror Threat, Western Union ‘Evolving All the Time,’ Says Compliance Chief
printTerrorist attacks in Europe over the past year have done more than spur talk of new rules from the European Union. They've also prompted major financial institutions to adjust their compliance controls in an effort to root out terrorism's financial backers. Such has been the case for Western Union Europe, according to Fabrice Borsello, the corporation's chief anti-money laundering (AML) risk officer. The money services business has worked with French officials multiple times over the year in response to shootings in Paris in January and November. In an interview with reporter Irene Madongo, Borsello outlined the steps Western Union has...
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