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Violation Tracker Individual Record

Company: Wachovia Bank N.A.
Current Parent Company: Wells Fargo
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $50,000,000
Year: 2010
Date: March 17, 2010
Offense Group: financial offenses
Primary Offense: banking violation
Secondary Offense: anti-money-laundering deficiencies
Mega-Scandal: Anti-Money Laundering Deficiencies
Violation Description: The Office of the Comptroller of the Currency announced a $50 million Civil Money Penalty and a Cease and Desist Order against Wachovia Bank, N.A. for violations of the Bank Secrecy Act.
Level of Government: federal
Action Type: agency action
Agency: Office of the Comptroller of the Currency
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.