Western Union Business Solutions (Australia) Pty Ltd

Western Union was granted a derivatives issuer licence by the FMA in January 2015. The company is headquartered in Sydney, Australia and the censure relates to its New Zealand business. 

July 2022 – FMA censured Western Union Business Solutions (Australia) Pty Ltd for materially contravening key Standard Conditions of its derivatives issuer licence relating to net tangible assets (NTA). 

• Related media release: FMA censures derivatives issuer Western Union Business Solutions (Australia) Pty Ltd for licence breaches.