UPDATE: Adds a statement from a Western Union spokesperson. The independent court monitor tasked with ensuring Western Union's compliance with the terms of its March 2010 settlement with Arizona prosecutors has been dismissed from the position, say sources. Ted Greenberg, a former federal prosecutor and independent consultant in Washington, D.C., was officially removed from the supervisory post in an Aug. 29 hearing before Maricopa County Superior Court, according to a person familiar with the matter, who spoke on condition of anonymity. Greenberg, who once served as chief of the U.S. Justice Department's Asset Forfeiture and Money Laundering Section, was appointed...
The world's largest remitter has agreed to pay $586 million for transferring hundreds of millions of dollars over a period of several years for human smugglers, drug traffickers and fraudsters in the United States and abroad, U.S. officials said Thursday.
In internal reviews and an ongoing criminal and regulatory investigation, Citigroup employees and Mexican officials have privately voiced concerns that drug traffickers may have infiltrated Banamex's anti-money laundering department, say sources.
The nation's largest money services business has begun imposing new anti-money laundering checks on subagents in Mexico in an effort to comply with its March 2010 agreement with Arizona prosecutors, say sources.