Two Wells Fargo units to pay $1.5 mln for anti-money laundering lapses-FINRA
December 18, 2014 at 10:09 AM EST
Dec 18 (Reuters) - Two brokerage units of Wells Fargo & Co must pay a joint $1.5 million fine for failing to comply with anti-money laundering regulations by not verifying 220,000 new accounts during a nine-year period, the Financial Industry Regulatory Authority (FINRA) said on Thursday.