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The Texas Credit Union League warned its members Friday against complacency in adhering to Bank Secrecy Act and Office of Foreign Assets Control rules following a $160 million money laundering judgment issued Thursday by the U.S. Justice Department against the old Wachovia Bank, now part of Wells Fargo.

In an e-mailed message to members, the Texas league said BSA compliance is obviously “alive and well” in light of a deferred prosecution agreement between the U.S. Attorney in Miami and Wachovia over money laundering violations involving Mexican currency exchanges and narcotics sales.

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