Violation Tracker Individual Record
Company:
Wachovia Bank
Current Parent Company:
Wells Fargo
Penalty:
$110,000,000
Year:
2010
Date:
March 17, 2010
Offense Group:
financial offenses
Primary Offense:
anti-money-laundering deficiencies
Violation Description:
The Financial Crimes Enforcement Network announced the assessment of a civil money penalty in the amount of $110 million against Wachovia Bank for violations of the Bank Secrecy Act.
Level of Government:
federal
Action Type:
agency action
Agency:
Treasury Department Financial Crimes Enforcement Network
Civil or Criminal Case:
civil
HQ Country of Parent:
USA
HQ State of Parent:
California
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
Source of Data:
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
