By Maya Lester KC & Michael O’Kane

OFAC agrees $400k settlement with Western Union

Last week (7 June), OFAC announced a $401,697 settlement with Western Union Financial Services of Denver, Colorado to settle 4,977 apparent violations of the Global Terrorism Sanctions Regulations. Between December 2010 to March 2015, 4,977 transactions totalling approximately $1.275m were processed and “were paid out to third-party, non-designated beneficiaries who chose to collect their remittances at a Western Union Sub-Agent...

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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