Wells Fargo împins să sporească monitorizarea criminalității financiare

Wells Fargo împins să sporească monitorizarea criminalității financiare

Marca temporală: 23 noiembrie 2023, ora 6:38
Wells Fargo Pushed to Up Financial Crime Monitoring PlatoBlockchain Data Intelligence. Vertical Search. Ai.

U.S. regulators have taken bank and financial
services firm, Wells Fargo to task, demanding that the bank dramatically
improve its monitoring of financial crime. According to
Wall Street Journal, U.S. regulators are focusing on the bank’s procedures
and tools, rather than on a specific event or client.

Banca a refuzat să comenteze when approached by Reuters, so everything’s
a little cloak and dagger right now.

În 2016, a
scandal erupted around Wells Fargo’s sales practices and ever since the
bank has been working to rectify a series of issues in its conformitate
processes. However, these steps have come under criticism from insiders at
various points.

According to the WSJ reporting, authorities haven’t ruled out a fine
for Wells Fargo, despite the fact that efforts to fix its processes are
ongoing. So, there appears to be an issue there. It’s all very clandestine, but something’s certainly afoot.

Allowing a Ponzi Scheme?

Wells Fargo is also în prezent
confruntat cu un proces claiming it allowed Matthew Beasley, a Las Vegas attorney,
to operate an alleged Schema Ponzi . In court filings the bank denied that “it had actual knowledge of, or provided assistance to, any alleged
wrongdoing by Beasley,” according to the WSJ report.

The news comes at a time when the bank is cutting back its physical
operations to increasingly concentra
on digital services.

U.S. regulators have taken bank and financial
services firm, Wells Fargo to task, demanding that the bank dramatically
improve its monitoring of financial crime. According to
Wall Street Journal, U.S. regulators are focusing on the bank’s procedures
and tools, rather than on a specific event or client.

Banca a refuzat să comenteze when approached by Reuters, so everything’s
a little cloak and dagger right now.

În 2016, a
scandal erupted around Wells Fargo’s sales practices and ever since the
bank has been working to rectify a series of issues in its conformitate
processes. However, these steps have come under criticism from insiders at
various points.

According to the WSJ reporting, authorities haven’t ruled out a fine
for Wells Fargo, despite the fact that efforts to fix its processes are
ongoing. So, there appears to be an issue there. It’s all very clandestine, but something’s certainly afoot.

Allowing a Ponzi Scheme?

Wells Fargo is also în prezent
confruntat cu un proces claiming it allowed Matthew Beasley, a Las Vegas attorney,
to operate an alleged Schema Ponzi . In court filings the bank denied that “it had actual knowledge of, or provided assistance to, any alleged
wrongdoing by Beasley,” according to the WSJ report.

The news comes at a time when the bank is cutting back its physical
operations to increasingly concentra
on digital services.

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