An Investigation of Wachovia

Background of the Bank of Japan Bank of Japan Survey Background 1 Company's history ............................................. ............. 1 2 Driving force ........................... ... ... ....................... 1 3 positions ............. ... ... ... ... .................................. ....... 1 4 Quick summary: 4.1 Employees. ................................. ............... 1 ... 4 Revenue growth ............................. ... ... Increase in income .................................. ... ... ... ... .... 2 5 Website ............................. ... ... ... ... ......................... 2 Product / service 1 Main product / service category ... ... ... ... .............. 2 2 Target mark. ..................................................... ... ....

In July 2007, the remaining ten customers of the remaining Mexican casa de cambio operating in London ceased to do so suddenly. In late 2007, after Wachovia's investigation by US financial media, the bank decided to end global relations with Casas de cambio in Mexico. So far, Woods discovered that the personal situation within the bank is unsustainable; the banks take action at a certain level to protect themselves from federal investigations of their disadvantages, but at another level I found them first

Authorities found billions of dollars in cash with wire transfers, travelers checks, Mexican exchange to Wachovia account. Wachovia was immediately investigated whether it failed to maintain an effective anti-money laundering program. It is particularly important that the relevant period began in 2004 and occurred simultaneously with the first violent escalation of the US - Mexico border that caused the current drug war. A criminal action was brought against Wachovia, but it was not raised against any individual, but the case was never tried. In March 2010, Wachovia resolved the largest litigation under the Bank of America Secret Act through the District Court for the District of Miami. Now, 'deferred prosecution' for that year has expired and banks have become clearly effective.

Recognizing these 'danger signals', the US Attorney's Office of the Miami attorney's Office, the US Internal Revenue Service and the DEA began investigating Wachovia and later joined FinCEN, one of the US Treasury's anti-money laundering organizations And also executed the currency audit office. Parallel Study According to this document, the offenses they found were "critical and systematic, and some Wachovian customers can earn millions of dollars from illegal drug sales through Wachovia's account Through CDC account held in Wachovia, medicine income of 110 million dollars flowed. "