Wachovia Busted Laundering Drug Money
Loading...
Uploaded by MidNightRider2001 on Mar 19, 2010
US Government Lets Bank Off The Hook
Wachovia Bank reached a $160 million settlement with the Justice Department over allegations that a failure in bank controls enabled drug traffickers to launder drug money by transferring money from Mexican currency-exchange houses to the bank.
Under a deferred-prosecution agreement with federal prosecutors in Miami, Wachovia, which is owned by Wells Fargo & Co., "admitted failure to identify, detect, and report suspicious transactions in third-party payment processor accounts," according to the Justice Department. Prosecutors said the bank processed $420 billion in transactions without using proper money-laundering detection.
In a statement, Wachovia said it "has made significant enhancements to its [anti-money laundering] and [Bank Secrecy Act] compliance program that have strengthened its ability to guard against unlawful use of its system by wrongdoers." Wachovia has spent $42 million improving its compliance program, the bank said.
http://online.wsj.com/article/SB10001424052748704059004575128062835484290.html
tags
Wells Fargo Drugs Money Laundering US Government George Carlin Execute White Bankers Wachovia Laundered Cocaine Mexico Colombia Coke Laundering Drug Trafficking Dealers Law Narcotraficantes
- 80 likes, 2 dislikes
-
Top Comments
All Comments (36)
-
George Carlins corpse for PRESIDENT!
-
@1Pantikian I live in Hull in northern England. Theres drugs everywhere. But weed is the only thing the cops are interested in. Some unemployed single mother growing a bit of weed to sell to freinds for a little extra cash gets her face in the paper whilst fucking Southerners and Cockney cunts and Turks and Vors flood the streets with smack. Its ludicrous.
-
And we bail these fuckers out while we get put in jail for smoking a joint.
3 months ago 3
-
He was a smart man!
-
@mathers3000 I heard Chase laundered 370 million of Mexican drug and the Feds get 10%, reported by the kieser media. Yea the Bankers are in there counting drug money $, while they protest out side .
-
Look up -----> USS LIBERTY COVERUP ----- this will expose them.. Please share this with EVERY living man woman and child !!!!
-
no drugs in school? ....fuck, now where'm I supposed to get weed?
- 7:52
A little reality check from George Carlinby anongrey139,302 views
- 3:15
George carlin Bankersby lucklyclover58245,865 views
- 0:25
George Carlin - Funniest Jokeby TechPersonal220,768 views
- 3:15
George Carlin Illuminati New World Order Exposedby killuminati331266,346 views
- 2:05
What is Money Laundering?by 2005LyceumA40117,506 views
- 1:48
Police Find Drug Moneyby gossamer1234929,601 views
- 4:23
George Carlin - Drugsby skatemore3113208,339 views
- 2:41
Bank of America Walkoutby roydeyoung09142,243 views
- 2:27
George Carlin - On cocaineby suizidium58,324 views
- 9:35
George Carlin-Drugsby thenewhosser10580238,982 views
- 8:41
BANK OF AMERICA WACHOVIA & WELLS FARGO CAUGHT FUNDING MEXICAN DRUG CARTELSby NWOIS6666,634 views
- 2:56
US Govt. largest illegal drug dealer in world historyby danostamper714161,661 views
- 40 videosGeorge Carlin
- 1:32
George Carlin Heckled In Washingtonby nathanolson504,230 views
- 3:21
BSA: What Every Employee Must Know Previewby 1stFinancial4,721 views
- 1:49
How to Identify Suspicious Activities & Transactionsby 1stFinancial4,330 views
- 8:50
Informative Speech: "Money Laundering"by BelmontSpeechLab14,016 views
- 3:03
Anti Money Laundering Gameby PlayGenSeriousGames5,485 views
- 8:22
DON'T LET EVIL DIVIDE US!by EliteWarrior8290,395 views
- 4:04
Ask a Mobster - How to Launder Moneyby FearTheKaT24,069 views
- 0:24
Wachovia Implosion, Atlanta, GAby mephisto25050,243 views
Lesson learned? Only do business with small, local banks.
velveetaslingshot 1 year ago 8
110 million! i heard it was 378.4 billion laundered and 110 million in fines for the bank.
mathers3000 10 months ago 4