Western Union settles U.S. money laundering allegations for $586 mln
January 19, 2017 at 12:36 PM EST
WASHINGTON, Jan 19 (Reuters) - Western Union agreed to pay $586 million to settle allegations that it failed to prevent criminals from using its service for money laundering and fraud, the U.S. Department of Justice said in a statement on Thursday. (Reporting by Joel Schectman and Diane Bartz; editing by Grant McCool)