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Articles Posted in anti-money laundering violations

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FINRA Anti-Money Laundering Cases Render Huge $1M Fine for Wells Fargo and $16.5M Fine for Credit Suisse

Wells Fargo Fined $1M Over Supervision of Consolidated Client Reports The Financial Industry Regulatory Authority says that Wells Fargo (WFC)  must pay a $1M fine for not having reasonable supervisory systems in place to oversee the generation of consolidated reports for clients. The broker-dealers that were specifically cited were Wells…

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