Money transfer operator Western Union is working with London’s Metropolitan Police Service to crack down on criminals that use its networks to transfer fraudulent funds. The new initiative is being introduced to cut “high volume” fraud, which includes Internet auction site fraud, lottery scams, cheque overpayments, false Web sites, ‘honey traps’ and advanced fee fraud. Criminals conducting this kind of fraud often use money transfer services, such as Western Union, as a conduit for moving funds. Full Story
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