Wells Fargo Seeks Settlement in Wachovia Money Laundering Investigation

Wells Fargo is in negotiations to resolve a money laundering investigation by the U.S. Attorney in Miami into Wachovia Bank. The investigation involves Wachovia’s former ties to Mexican money exchanges and whether Wachovia violated U.S. federal money laundering statutes in its relationships with these exchanges. The money exchanges are known as “casas de cambio.” The […]