Western Union’s Irish profits up 9%

Pre-tax profits at the main Irish arm of payment services giant Western Union increased by 9% last year to $38.39m (€34m), figures show.

According to accounts just filed with the Companies Office, revenues at Western Union International Ltd fell by 3% from $2.18bn to $2.11bn in the 12 months to the end of December last.

The firm — fined €1.75m by the Central Bank last month for failure to comply with money-laundering and terrorist financing laws — paid a dividend of $78m in 2013 but none last year.