Western Union

The Australian authority Austrac has launched an investigation into Western Union and its Australian subsidiary. The probe was prompted by serious concerns that the company is not adequately managing risks related to criminal misuse of high-risk payment channels. Being examined are its anti-money laundering and counter‑terrorism financing program, transaction monitoring (including patterns related to child sexual exploitation and terrorism financing), as well as governance structures and the role of the global corporate headquarters. » Altro su de.investing.com

Total Wireless, in partnership with Western Union, will offer financial services in its U.S. stores. The service launches today in selected locations and is planned to expand to additional sites by the end of 2026. Customers can send money, pay bills and purchase money orders at participating stores; customers on the MAX 5G BYO, MAX 5G and ALL ACCESS plans receive one fee-free Western Union transfer per month. The partnership leverages Western Union's global payout network and aims to strengthen access to everyday financial services in local communities. » Altro su de.investing.com

Western Union and Intermex received regulatory approval from the New York State Department of Financial Services for the planned takeover after Western Union made commitments on money transfer services and locations in New York. By contrast, the California Department of Financial Protection and Innovation suspended the previously granted extension of approval and is requesting a renewed review of the transaction’s impacts in California. Western Union and Intermex said they will engage with the DFPI and intend to complete the transaction once approval is reissued, subject to customary closing conditions. » Altro su de.investing.com