Western Union Hosts 6th Annual AML, Anti-Fraud Event in Denver

The Western Union Company will host the sixth annual Anti-Money Laundering & Anti-Fraud & Compliance Conference -- one of the biggest events of its kind -- Sept. 19-22, 2011 in Denver. 

The event, held each year for compliance and fraud professionals from across the United States and Canada, is an interactive experience teaching best practices in preventing fraud and money laundering. This year's event will include more than 200 attendees. 

More than 40 experts from a variety of government organizations will speak, including the Federal Trade Commission, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department, the Financial Transactions and Reports Analysis Centre (FINTRAC) of Canada's Ministry of Finance, the Internal Revenue Service (IRS) and law enforcement from across the U.S.

"Western Union is committed to protecting our customers and the financial system from potential abuse," said Joe Cachey, Western Union's Acting General Counsel and Chief Compliance Officer. "This event is a unique learning experience, allowing professionals from a wide variety of financial services firms to better identify and protect their organizations against fraud." 

The conference was introduced in 2006 as a way to provide continuing education to Western Union Agents on anti-money laundering best practices, regulations and law-enforcement trends. It has since grown into one of North America's largest anti-money laundering/anti-fraud conferences for professionals from a variety of industries. 

About Western Union 

The Western Union Company is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of approximately 470,000 agent locations in 200 countries and territories. In 2010, The Western Union Company completed 214 million consumer-to-consumer transactions worldwide, moving $76 billion of principal between consumers, and 405 million business payments. For more information, visit http://www.westernunion.com 

Source: Market Watch