When Wachovia Bank agreed to a settlement with the U.S. government, it became the financial institution with the unfortunate distinction of having paid the largest penalty, $160 million, for a violation of the Bank Secrecy Act.
The rush of the lunch crowd has subsided at the Bagel Factory, where hearty sandwiches filled with turkey,
The Texas Credit Union League, citing a $160 million federal fine against a large bank for money laundering violations,
The Texas Credit Union League warned against complacency in Bank Secrecy Act and Office of Foreign Assets Control compliance following a $160 million money laundering judgment against the old Wachovia Bank, now part of Wells Fargo.
American consumers are far more likely to recommend a credit union than most of the nation's big banks, according to a new report from Forrester Research.