Tag Archives: Western Union
- Western Union fraud settlement will benefit bitcoin
January 31, 2017
When it comes to big headlines about multimillion dollar settlements with the US government over alleged fraud, tread carefully. The latest circling the rounds is a $586 million settlement between Western Union and the Federal Trade Commission over a mix of actual fraud where someone is lied to and actually...
- Western Union pay $586m for gambling, fraud AML lapses
January 20, 2017
Financial services firm Western Union (WU) has reached a $586m settlement with the US Department of Justice, in part due to the company’s involvement with Costa Rica-based online gambling operators. A year ago, WU revealed that the US Attorney for the Southern District of Florida had issued a subpoena requesting...
- Western Union sheds more light on federal investigation of gaming transactions
February 22, 2016
International financial services outfit Western Union has shed more light on a federal investigation into company transactions related to gaming activities. On Friday, Western Union filed a 10k report with the Securities Exchange Commission, in which it revealed new details regarding a federal grand jury subpoena served by the US...
- Singapore, Macau boost Las Vegas Sands; DoJ boosts Western Union?
February 4, 2011
Las Vegas Sands roared back to profitability in Q4 2010, based largely on stellar performances from its properties in the red hot Macau and Singapore markets. Overall revenue rose 57% in Q4 to $2.02b for a net profit of $273m (vs. a $113.9m loss in the previous Q4). Of course,...
Philippines can overtake Singapore, but with higher risk
March 21, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017