The EU Commission opens a preliminary investigation in relation to possible collusion in the money transfer market (Western Union)

EU telegraphs it is probing whether Western Union colluded to drive rivals out of money-transfer market* The European Commission has reportedly launched a preliminary antitrust investigation into possible collusion by Western Union in the money remittance market. According to sources, the European Commission is investigating whether exclusivity contracts signed between money-transfer provider Western Union and retail outlets violate European Union competition rules. The European Commission is reportedly also looking into allegations that banks agreed to close accounts of some smaller money-transfer companies on the basis that they may be

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Authors

  • Constantine Cannon (London)
  • Constantine Cannon (London)

Quotation

Yulia Tosheva, Richard Pike, The EU Commission opens a preliminary investigation in relation to possible collusion in the money transfer market (Western Union), 23 February 2016, e-Competitions Bulletin February 2016, Art. N° 80236

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