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The Securities & Exchange Commission (SEC) has levied a $3.5m civil penalty upon Wells Fargo Advisors LLC, the bank's broker-dealer subsidiary, for failure to timely file Suspicious Activity Reports, and other AML issues. Readers who wish to review the complete text of the Cease & Desist Order may access it here.
Chronicles of Monte Friesner - Financial Crime Analyst
Contributed by Kenneth Rijock - Financial Crime Consultant
