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Wells Fargo Advisors & the SEC Settle SARs Case

November 15, 2017 by Eugene Grygo

Wells Fargo Advisors & the SEC Settle SARs Case

A registered broker-dealer/wholly-owned subsidiary of Wells Fargo & Company has settled with the SEC over allegations that it fell behind on its anti-money laundering (AML) responsibilities by failing to properly file 50 Suspicious Activity Reports (SARs) between March 2012 and June 2013, according to the regulator. The settlement requires Wells Fargo Advisors, LLC, based in… Read More >>

Filed Under: Data Management, Industry News, Operational Risk, Risk Management, Settlement, General Interest, Diversity, Equity, and Inclusion (DEI), FinTech Trends, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: AML Compliance, Bank Secrecy Act, SEC, settlement, Suspicious Activity Reports, Wells Fargo Advisors

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