Wells Fargo agrees to pay $7 million to failing to follow anti-money laundering rules
The Securities and Exchange Commission on Friday said Wells Fargo & Co. agreed to pay $7 million to settle charges that it failed to file at least 34 suspicious activity reports in a timely manner between April, 2017, and October, 2021. The SEC said the bank's anti-money laundering (AML) system adopted in January, 2019 failed to recognize the different country codes used to monitor foreign wire transfers. This resulted in at least 25 late suspicious activity reports. At least nine more suspicious... Читать дальше...
