Western Union Company‘s in-house lawyers played key roles in negotiating a recent settlement that ended a legal battle with the state of Arizona over whether the company did enough to stop the use of its services in cross-border crime, the company’s top lawyer said.
Western Union admitted no wrongdoing when the settlement was announced on Feb. 11. But the company will pay $94 million to resolve a series of related lawsuits. Arizona will get $21 million to cover legal and law enforcement costs; law enforcement agencies in several states along the Mexican border will get $50 million to create the “Southwest Border Anti-Money Laundering Alliance”; and the company will spend another $23 million to strengthen its own anti-money laundering efforts.
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