Western Union has state of the art regulatory, compliance and anti-money laundering infrastructure, into which it invests as much as into its marketing activities. Western Union is duly authorized and regulated in all countries in which it does business, including the US, Canada, Australia, New Zealand, Brazil, and Ireland. In most countries, Western Union Online is offered by Western Union International Bank GmbH, which is licensed by the Financial Market Authority in Austria ( Österreichische Finanzmarktaufsicht), as is the case with Western Union International Limited. In 2017, Western Union's customers, both consumers and businesses, transferred over US$300 billion, with an average of about 32 transactions per second! Is Western Union Safe? Western Union's brand is recognized worldwide and represents speed, reliability, trust and convenience for their 150 million customers. It has been listed on the New York Stock Exchange ( NYSE:WU) since September 1865 and is currently valued at approximately $9 billion. Originally founded as a telegram company in 1851, The Western Union Company launched its wire transfer service in 1871, which allowed people to send money throughout its telegraph network. Headquartered in Englewood, Colorado in the United States, Western Union has a global presence with over 12'000 employees across offices in 50 countries. The Western Union Company, better known under its brand name Western Union, is the largest money transfer provider in the world. With more than US$93 billion transferred across the globe in 2023 and around 150 million customers, Western Union is at the top of its game when it comes to credibility.
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