First Data Appoints New Compliance Officer for Western UnionDate: Monday, August 11, 2003
DENVER, Aug. 11 /PRNewswire-FirstCall/ -- First Data Corp. (NYSE: FDC), a
global leader in electronic commerce and payment services, today announced the
addition of Christine E. Carnavos as senior vice president of Global
Compliance for the company's Payment Services businesses, including Western
Carnavos, who joins the company effective Sept. 15, brings more than
25 years of compliance, legal and government experience to her new role, which
was established to support First Data's commitment to regulatory compliance.
Her focus will be on ensuring the company remains compliant with anti-money
laundering initiatives, Bank Secrecy Act, USA Patriot Act and related global
"Ensuring that our regulatory compliance systems and programs meet the
highest standards in all of the countries where we do business is Western
Union's top priority," said Christina Gold, president, Western Union Financial
Services, Inc. "Christine's long history and expertise in the regulatory
arena will uniquely suit her to lead our global compliance efforts."
Prior to joining First Data, Carnavos served as executive associate
director of the Financial Crimes Enforcement Network (FinCEN) of the U.S.
Department of the Treasury, where she was head of the Office of Compliance and
Regulatory Enforcement. She also served as chief compliance officer and
manager, Corporate Compliance at PNC Financial Services. She was previously a
member of the Board of Advisors for the National Compliance Schools of the
American Bankers Association (ABA) and the ABA's Compliance Executive
Committee. She also chaired the ABA's National Regulatory Compliance
Conference and has given numerous presentations at industry conferences on a
range of topics impacting financial institutions.
Carnavos graduated with honors from the National Law Center, George
Washington University and received her bachelor's degree with honors in
Economics from Wellesley College.
About First Data
First Data Corp. (NYSE: FDC), with global headquarters in Denver, helps
power the global economy. As the leader in electronic commerce and payment
services, First Data serves approximately 3 million merchant locations, 1,400
card issuers and millions of consumers, making it easy, fast and secure for
people and businesses to buy goods and services using virtually any form of
payment. With 29,000 employees worldwide, the company provides credit, debit,
smart card and stored-value card issuing and merchant transaction processing
services; Internet commerce solutions; Western Union(R) money transfers
services; money orders; and check processing and verification services
throughout the United States. First Data also offers a variety of payment
services in the United Kingdom, Australia, Canada, Japan, Mexico, Spain, the
Netherlands, the Middle East and Germany. Its Western Union and Orlandi
Valuta money transfer agent networks include approximately 165,000 Agent
locations in more than 195 countries and territories. For more information,
please visit the company's Web site at .
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