The Australian Financial Anti-Money Laundering Supervisory Authority said on Tuesday that it has launched an investigation against Western Union and its Australian subsidiary because the agency has concerns about the company's management of high-risk payment channels, customers and related parties.

The Australian Financial Anti-Money Laundering Supervisory Authority said on Tuesday that it has launched an investigation against Western Union and its Australian subsidiary because the agency has concerns about the company's management of high-risk payment channels, customers and related parties.