By Dow Jones Business News,
February 24, 2014, 06:15:00 PM EDT
Western Union Co., the world's largest money transfer company, is being investigated by the U.S. government over money
moved on its network that may have been tied to alleged fraud, according to a regulatory filing released Monday.
The Englewood, Co.-based company said in the regulatory filing it has received multiple subpoenas since Nov. 25 from
the U.S. attorney's office for the Middle District of Pennsylvania.
The inquires have sought documents tied to complaints made by consumers to Western Union "relating to fraud-induced
money transfers since Jan. 1, 2008," as well as information about Western Union's agents, the company said. One issue
that has come up in the past is whether consumers sent money over Western Union to people or organizations tied to
"The government's investigation is ongoing and the company may receive additional requests for information as part of
the investigation," Western Union said in its annual report filed with the Securities and Exchange Commission. "The
company is cooperating fully with the government."
Representatives of Western Union didn't immediately respond to a request for comment. A spokeswoman for the U.S.
attorney's office declined to comment.
Earlier this month Western Union reached an expanded agreement with Arizona over the company's controls for preventing
money laundering. The company had originally reached a $94 million settlement with the state and other states over
allegations that it didn't have sufficient controls in place.
As part of an expanded deal, which addresses allegations that the company had failed to put adequate controls in by
July 31, 2013, Western Union agreed to remain under the supervision of a monitor through the end of 2017.
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