The Western Union Company (NYSE:WU), an international money transfer expert, today announced the promotion of Jacqueline D. Molnar as its Chief Compliance Officer.
In her new role, Ms Molnar will be responsible for leading all of Western Union’s global AML / CFT, Sanctions and Consumer Protection compliance programs. She will report to Western Union’s Compliance Committee and to John R. Dye, Western Union’s Executive Vice President, General Counsel and Secretary.
Ms Molnar first joined Western Union in 2013 as Senior Vice President and Deputy Chief Compliance Officer. Prior to that, she held senior compliance roles at Toronto Dominion Bank Group and Wells Fargo & Company, and practiced law at Gibson Dunn and Latham & Watkins in Silicon Valley, California and at Herbert Smith Freehills in Sydney, Australia.
John Dye commented:
“Jacqueline has been instrumental in bringing key enhancements to our global compliance program, including global employee training, know your customer processes, sanctions screening and agent oversight. Western Union has received accolades from regulators and law enforcement, and under Jacqueline’s leadership we will continue to work to deter and prevent the use of our systems for illicit purposes, and do our part in disrupting global issues such as human trafficking and terrorist financing.”
To view the full announcement on the appointment, click here.