Western Union Says Smuggling Probe Curbs Transfers
Will Edwards writes for Bloomberg News:
Western Union Co. said the state of Arizona, trying to track down smugglers of drugs and illegal immigrants, plans to seize most money transfers of $500 or more sent from 29 states to Sonora, Mexico.More here.
A warrant obtained by state Attorney General Terry Goddard blocks the money-transfer company from sending funds directly to 26 locations in the Mexican state, Western Union said in a regulatory filing today with the U.S. Securities and Exchange Commission. Instead, the Englewood, Colorado-based company must put the funds in a "detention account," even if the senders were outside Arizona.
posted by Fergie @ 9/22/2006 12:56:00 PM
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