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 Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Western Union Financial Services, Inc.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $401,697 settlement with Western Union Financial Services, Inc. (“Western Union”), of Denver, Colorado.  Western Union has agreed to settle its potential civil liability for 4,977 apparent violations of the Global Terrorism Sanctions Regulations, 31 C.F.R. part 594 (GTSR). Between December 9, 2010, and March 13, 2015, Western Union processed 4,977 transactions totaling approximately $1.275 million, which were paid out to third-party, non-designated beneficiaries who chose to collect their remittances at a Western Union Sub-Agent in The Gambia, Kairaba Shopping Center (KSC), an entity that was designated by OFAC pursuant to the GTSR on December 9, 2010.  OFAC determined that Western Union voluntarily self-disclosed the apparent violations and that the apparent violations constitute a non-egregious case.

 
For more information, please visit the following web notice​.
Last Updated: 6/7/2019 1:01 PM