Western Union 2006 Annual Report Download - page 26

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24
Responsibility
Western Union is a company of values
and principles. And as the industry leader in
cross-border remittances, we welcome the
opportunity to also be a leader in strong
business practices, and understanding the
regulatory laws and standards in the more
than 200 countries and territories where we
do business. 2006 saw our most significant
investment in compliance-related initiatives,
with investments exceeding $35 million.
We supported proprietary monitoring systems,
sophisticated analysis and reporting systems,
and dedicated 250 employees across the globe.
We share a common goal with government
representatives everywhere we do business:
the best interests of our consumers and their
families. Our Public Affairs group leverages
Western Union’s global reach, leadership,
innovation and role in diverse communities
—
allowing us to serve as a resource, advocate
and trusted participant among regulators,
policy makers, researchers, development
agencies, and grassroots and community
organizations. For example, in conjunction
with the Mexican government we have
launched the 4 plus 1 program
—
a plan
designed to promote job growth and improve
economic conditions in Mexico. This, along
with other grassroots community efforts,
helps us service our consumers on a whole
different level.
FRED NIEHAUS
Senior Vice President
Public Affairs
WESTERN UNION 2006 Annual Report 24