Professional Soldiers ® - View Single Post - How do you send your Drug money to Mexico? Western Union of course!

brown77 · 02-12-2010, 15:34

Thanks for the post TS. This is an interesting topic!

WU ought to get their agents hooked up to the World Check system and run ID checks on all transferors. The database is used by major banks and regulated financial institutions as a means to weed out potential criminals/terrorists… it’s an operational requirement!

If an organization chooses to turn its back on black money, there are plenty of tools and methods available for managing AML and the likes. It all comes down to company philosophy. If the sole drive is $$$’s, then who cares about a $94million fine, so long as profits are still healthy! It is encouraging to see companies out there such as Amex who are more reputation and values driven. Let’s see if this latest shake-up serves as a conscience check for Western Union.

It is also worth giving a thought to the whole new wave of online payment solutions. No doubt there are technological holes out there waiting be exploited by the wrong people!

02-12-2010, 15:34	#2
brown77 Guerrilla Join Date: Jul 2009 Location: Middle East (one of the friendlier parts) Posts: 136	Thanks for the post TS. This is an interesting topic! WU ought to get their agents hooked up to the World Check system and run ID checks on all transferors. The database is used by major banks and regulated financial institutions as a means to weed out potential criminals/terrorists… it’s an operational requirement! If an organization chooses to turn its back on black money, there are plenty of tools and methods available for managing AML and the likes. It all comes down to company philosophy. If the sole drive is $$$’s, then who cares about a $94million fine, so long as profits are still healthy! It is encouraging to see companies out there such as Amex who are more reputation and values driven. Let’s see if this latest shake-up serves as a conscience check for Western Union. It is also worth giving a thought to the whole new wave of online payment solutions. No doubt there are technological holes out there waiting be exploited by the wrong people!
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