Author Topic: Mexican Drug Cartels and Wells Fargo  (Read 1629 times)


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Mexican Drug Cartels and Wells Fargo
« on: June 29, 2010, 09:54:49 AM »
Thought this might be interesting to the board.  It happened through Wachovia prior to Wells Fargo's acquisition/forced purchase.

"Wachovia admitted it didnít do enough to spot illicit funds in handling $378.4 billion for Mexican-currency-exchange houses from 2004 to 2007. Thatís the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history -- a sum equal to one-third of Mexicoís current gross domestic product. "