However, the regulator clarified that it is not sufficient for derivatives issuers to prove they can meet the provisions of their license, they should maintain the NTA requirements. Greig added: Western Union’s contraventions left open the possibility of client harm and loss, and its continued entry into transactions that gave rise to further liabilities increased…
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Western Union has recently came with a statement that the financial institution is seriously thinking about implementing Ripple within its systems. The experiment will start for basic money transactions and eventually evolve to capital optimization help. According to press, Ripple is becoming the front runner of most used digital currencies in the banking sector, which…
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The service has officially launched in the US, Canada, Australia, and the UK, and will be expanding to additional countries in the near future. OANDA, one of the world’s largest providers of multi-asset trading services and foreign exchange solutions for individuals and businesses, today announced that it has teamed up with The Western Union Company…
Read moreWestern Union has now enabled consumers in 29 countries to send money transfers to Cuba.
Read moreThe 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…
Read moreThe stock market can be a very unforgiving place. Following our report yesterday that money transfer services provider OzForex Group Ltd (ASX:OFX) was calling off its acquisition talks with The Western Union Company (NYSE:WU), OzForex shares took a nosedive to the tune of 42%, closing the day Monday at AUD $1.79. The previous day's close was AUD…
Read moreA follow-up to LeapRate's earlier story on the Western Union Company (NYSE:WU) submitting an acquisition proposal for Ozforex Group Ltd (ASX:OFX), an international provider of online payment services... OzForex announced today that in light of the bid, its Board has determined to allocate a total retention pool of $2.66 million to six key executives who assumed…
Read moreShortly after receiving an indicative conditional proposal from The Western Union Company (NYSE:WU) for all of its issued share capital, Ozforex Group Ltd (ASX:OFX) has agreed to engage in further acquisition talks on exclusive basis to progress the proposal. Under the proposal, Western Union will acquire 100% of the shares of OzForex for an all cash…
Read moreA lot has been going on the mergers and acquisitions front lately, with the freshest news in this respect provided from Ozforex Group Ltd (ASX:OFX), an international provider of online payment services. OzForex has just confirmed that it has received a takeover approach from the Western Union Company (NYSE:WU). Under the preliminary, non-binding, indicative conditional…
Read moreThe Western Union Company (NYSE:WU), in conjunction with Hyperwallet, today announced the launch of a new global mass payments product. This new product integrates key strengths of each company that come together to help change the way large volumes of business-to-consumer payments are made. The Western Union Business Solutions mass payments product aims to redefine…
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