Money Laundering Bulletin
Wells Fargo Advisors pays US$7m for late SARs
The broker-dealer and investment adviser arm of Wells Fargo, the US banking group, has agreed to pay US$7million to resolve
charges brought by the US Securities and Exchange Commission (SEC) that it failed to make timely disclosure of at least 34
suspicious activity reports (SARs) between April 2017 and October 2021. [1]