Western Union admits to aiding wire fraud, to pay $586M
Amazing there hasn&#x27;t been a mention of TransferWise in this thread<p>You get about 1.5% more money with them when you do a transfer.<p>Their low cost model is driven by using automated KYC checks and the kinds of fraud models you&#x27;d expect from a web startup<p>More here<p><a href="https:&#x2F;&#x2F;transferwise.com&#x2F;gb&#x2F;compare&#x2F;western-union-exchange-rate" rel="nofollow">https:&#x2F;&#x2F;transferwise.com&#x2F;gb&#x2F;compare&#x2F;western-union-exchange-r...</a>
Disclosure - I&#x27;m an employee - but the hype in this case is warranted