Joeseph Cachey from 1st Data will present on Money Laundering

Joseph Cachey III is Chief Compliance Officer and Associate General Counsel for The Western Union Company, which includes Orlandi Valuta and Vigo Remittance Corp., providers of money transfer and money order services.  He has overall executive responsibility for the Company's anti-money laundering program and corporate compliance and ethics programs. Previously, he oversaw the day-to-day operations of the AML Compliance Department, which is responsible for administering compliance with the requirements of the Bank Secrecy Act (BSA), regulations of the Office of Foreign Assets Control (OFAC), and related anti-money laundering and anti-terrorist financing laws in the over 203 countries in which Western Union conducts business.  He has been with the Company since 1998.

Mr. Cachey is a member of FinCEN's Bank Secrecy Act Advisory Group.  He also participates in a number of U.S. Treasury Public/Private International Dialogues.  He is a frequent speaker on anti-money laundering issues and compliance with the requirements of the BSA and OFAC requirements, as well as international remittance issues.  He has spoken at the Annual International Money Laundering Conference and Exhibition sponsored by Money Laundering Alert, the Money Laundering Enforcement Seminar sponsored by the American Bankers Association and the American Bar Association, and the Money Transmitter Regulators Association Conference. He has testified on regulatory matters before the U.S. House of Representatives' Subcommittee on Oversight and Investigations of the Committee on Financial Services and the U.S. Senate Banking Committee.

Mr. Cachey has also served as the primary legal advisor to Western Union's Commercial Services division and to its affiliate, Integrated Payment Systems Inc., a leading issuer of payment instruments as well as to WesternUnion.com.  He has law firm experience prior to joining First Data/Western Union.

Mr. Cachey is a member of the Colorado and Illinois bars.  He was appointed to serve as Judicial Clerk to the Honorable Karen S. Metzger, Colorado Court of Appeals.  He received his Masters of Law Degree in Tax from the University of Denver's Graduate Tax Program, and his law degree from the University of Denver's College of Law, where he was the Senior Editor on the Board of Editors of the Denver University Law Review. 

February 2008