Macquarie Group launched an investigation into Western Union's failure to adequately manage risks for criminal exploitation among payment service providers.
Public source
Publisher name
Public post
“Payment service providers are internationally recognised as high-risk for criminal exploitation. We have launched this investigation because we have serious concerns th…
Company
Macquarie Group
Empowering people to innovate and invest for a better future.
- Industry
- Financial Services
- Location
- Sydney, AU
- Company size
- 10,001+ employees
About Macquarie Group
At Macquarie, we empower people to innovate and invest for a better future. We are a global financial services organisation with Australian heritage, operating in 30 markets. To find out more, visit us at www.macquarie.com To read our social media disclaimer, visit macq.co/SocialMediaDisclaimer
See moreLatest activity
Latest activity from Macquarie Group
14 signals
Presence & Recognition
Macquarie Group Head of Economics in the Americas David Doyle highlights emerging trends and growth drivers for Canada's future, including trade diversification, infrastructure investment, energy development, critical minerals, and AI.
Presence & Recognition
Macquarie Group is investing in Italy's growth through partnerships and global capital.
Capital & Finance
Macquarie Group acted as overall coordinator, joint global coordinator, joint bookrunner, and joint lead manager to Mech-Mind Robotics on its ~$US300 million IPO on the Main Board of HKEX
Discover more
Similar signals
Similar public activity from other companies.
Legal & Regulatory
PayBridge Systems
PayBridge Systems was contacted by Australian regulator to investigate The Western Union Company and its Australian unit over concerns about management of high-risk payment channels, customers and affiliates.
Legal & Regulatory
Better Regulation Ltd
Better Regulation Ltd noted that the Financial Action Task Force published a report warning that underground banking and hawala networks are increasingly commercialised channels for professional money laundering.
Legal & Regulatory
FX Master
FX Master reported that the UK’s Office of Financial Sanctions Implementation (OFSI) imposed a £4.73 million fine on Citibank N.A., London Branch, for breaches of the Russia and Global Anti-Corruption sanctions regulations.
Legal & Regulatory
FinCrime Central
FinCrime Central noted that AUSTRAC removed 45 high-risk payment businesses from the register.
Legal & Regulatory
AML Sorted