Home » Western Union Annual Reports » 2015 Annual Report - page 106

Western Union 2015 Annual Report Download - page 106

Download and view the complete annual report

Please find page 106 of the 2015 Western Union annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

• failure to maintain our agent network and business relationships under terms consistent with or more advantageous to us than

those currently in place, including due to increased costs or loss of business as a result of increased compliance requirements

or difficulty for us, our agents or their subagents in establishing or maintaining relationships with banks needed to conduct

our services;

• decisions to change our business mix;

• changes in tax laws, or their interpretation, and unfavorable resolution of tax contingencies;

• adverse rating actions by credit rating agencies;

• our ability to realize the anticipated benefits from productivity and cost-savings and other related initiatives, which may include

decisions to downsize or to transition operating activities from one location to another, and to minimize any disruptions in

our workforce that may result from those initiatives;

• our ability to protect our brands and our other intellectual property rights and to defend ourselves against potential intellectual

property infringement claims;

• our ability to attract and retain qualified key employees and to manage our workforce successfully;

• material changes in the market value or liquidity of securities that we hold;

• restrictions imposed by our debt obligations;

Events Related to Our Regulatory and Litigation Environment

• liabilities or loss of business resulting from a failure by us, our agents or their subagents to comply with laws and regulations

and regulatory or judicial interpretations thereof, including laws and regulations designed to protect consumers, or detect and

prevent money laundering, terrorist financing, fraud and other illicit activity;

• increased costs or loss of business due to regulatory initiatives and changes in laws, regulations and industry practices and

standards, including changes in interpretations in the United States and globally, affecting us, our agents or their subagents,

or the banks with which we or our agents maintain bank accounts needed to provide our services, including related to anti-

money laundering regulations, anti-fraud measures, customer due diligence, agent and subagent due diligence, registration

and monitoring requirements, and consumer protection requirements;

• liabilities or loss of business and unanticipated developments resulting from governmental investigations and consent

agreements with or enforcement actions by regulators, including those associated with compliance with or failure to comply

with the settlement agreement with the State of Arizona, as amended;

• the potential impact on our business from the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank

Act"), as well as regulations issued pursuant to it and the actions of the Consumer Financial Protection Bureau and similar

legislation and regulations enacted by other governmental authorities related to consumer protection;

• liabilities resulting from litigation, including class-action lawsuits and similar matters, including costs, expenses, settlements

and judgments;

• failure to comply with regulations and evolving industry standards regarding consumer privacy and data use and security;

• effects of unclaimed property laws;

201 FORM 10-K