The Toronto Police Service Financial Crimes Unit (FCU) played a role in a lengthy investigation into Western Union that led to the global money service business admitting it violated U.S laws.
The company was accused of processing hundreds of transactions for Western Union agents and others involved in an international consumer fraud scheme.
In a deferred indictment, Western Union agreed to a settlement to pay $586 million to victims to avoid prosecution.
The investigation lasted 13 years, up until January 2017.
Detective Alan Spratt of the FCU-Mass Marketing Section said his unit provided information to American investigators based on search warrants they collected from agent locations, production orders and cases where they had arrested and charged suspects in Toronto.
“Some of those cases involved the extradition of suspects who were resident in the Greater Toronto Area to the United States where they were sentenced,” he said. “They were the suspects who were actually operating the fraud scam and laundering the proceeds through Western Union. We also did a declaration based on our experience here with Western Union, the problems we saw, and things they were not doing to prevent money laundering. That was provided to the Federal Trade Commission specifically for use in their investigation.”
Victims of the fraud, from January 1, 2004 to January 19, 2017, may be eligible for a remission.
In order to be considered, victims will be required to submit a Remission Form along with any available supporting documentation.
When the petition process starts, information about filing a petition online or in the mail will be posted.
Individuals can contact the Remission Administrator at 1-888-319-2124 or email info@WesternUnionRemission.com