Last month, Mexico’s Noti reported that Western Union successfully thwarted around $1.4 billion in potentially fraudulent transactions in the year 2020.
The news outlet notes that in furtherance of catching more potentially illegal money transfers before they happen, Western Union will conduct more than 300,000 partner engagements, such as training or compliance program reviews, with Western Union partners to continue building capacity to detect (and prevent) illicit activity within the financial system, by 2025.
The website also wrote about the findings contained in a 2020 Environmental, Social and Governance (ESG) report, highlighting Western Union’s commitment to “groups of interest” through an evolved ESG strategy and actions aligned with key priorities.
The website quotes Hikmet Ersek, President and CEO of Western Union, who says: “The year 2020 reinforced the importance of collective action in meeting global challenges.”
They go on to quote him as saying (translated from Spanish to English here): “After a year in which borders were closed and economies struggled, we emerged with an even sharper focus on our role as a global connector of people and businesses. Our ESG efforts are closely aligned with this vision of our business, and our belief that we have a critical role in creating solutions and building collaborations around the world to advance shared ESG priorities. “
This article was written by NotiMx and originally published on NotiMx. A subscription may be required.
