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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: 

https://www.fincen.gov/bsaviolations.html (archived copy)

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.