Wachovia in Talks Over Alleged Drug-Money Laundering

Mon, 03/15/2010 - 00:06 EDT  in
 

The Wells Fargo unit is in talks with the Justice Department to settle U.S. allegations that a failure in bank controls enabled Mexican exchange houses to launder drug money, according to people familiar with the situation.



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  • Wachovia in Talks Over Alleged Drug-Money Laundering

    The Wells Fargo unit is in talks with the Justice Department to settle U.S. allegations that a failure in bank controls enabled Mexican exchange houses to launder drug money, according to people familiar with the situation.

  • Wachovia in talks to settle probe: report

    (Reuters) - The Wachovia Bank unit of Wells Fargo & Co is in talks with the U.S.

  • Wachovia to settle drug-money laundering case

    Banking giant Wachovia Corp. has agreed to pay $160 million to settle a federal investigation into laundering of drug money through Mexican exchange houses.

  • Wachovia in talks with U.S. to settle probe: report

    (Reuters) - Wachovia Bank is in talks with the U.S.

  • Wachovia Settles Money Laundering Case

    Wachovia Bank has agreed to pay $160 million to settle a federal investigation into laundering of South American drug money. The deal, announced by the U.S. Attorney in Miami, said the bank had laundered the money since at least 2003 using Mexican exchange houses. » E-Mail This     » Add to Del.icio.us

  • Wachovia Settles Money Laundering Case

    The unit of Wells Fargo will pay $160 million to settle accusations that it laundered Mexican drug money.

  • Wachovia Settles Money-Laundering Case

    Wachovia agreed to pay $160 million to settle Justice Department allegations that a failure in bank controls enabled drug traffickers to launder money through the bank.

  • Wachovia Settles Money-Laundering Case

    Wachovia agreed to pay $160 million to settle Justice Department allegations that a failure in bank controls enabled drug traffickers to launder money through the bank.

  • Wachovia Settles Money Laundering Case For $160M

    Banking giant Wachovia Corp. will pay $160 million to settle a federal investigation into laundering of illegal drug profits through Mexican exchange houses in the largest case of its kind ever brought against a U.S. bank, prosecutors said.» E-Mail This     » Add to Del.icio.us

  • Wachovia pays 160 million dollars to halt drugs probe

    Wachovia has agreed to pay US prosecutors 160 million dollars for its failure to stop drug money being laundered to Mexican affiliates, the DEA said Wednesday.The embattled bank admitted it failed to stop an estimated 110 million dollars from being sent from the US to Mexico by wire transfer that was used to buy cocaine-transporting aircraft.The Drug Enforcement Administration said Wachovia-run foreign exchange houses in Mexico -- or casas de cambio (CDCs) -- were involved in the illicit trades between 2004 and 2007.

 
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