Manhattan Attorney Announces $72.6 Million

NY 2021 Community Banks / Credit Unions

DOJ Fraud

Penalty

$72.6 million

Outcome

Manhattan U.S. Attorney Announces $72.6 Million Settlement Of Fraud Lawsuit Against Wells Fargo Bank For Overcharging Foreign Exchange Customers Over Seven Years

Details

Manhattan Attorney Announces $72.6 Million — DOJ Enforcement (2021)

Outcome: Manhattan U.S. Attorney Announces $72.6 Million Settlement Of Fraud Lawsuit Against Wells Fargo Bank For Overcharging Foreign Exchange Customers Over Seven Years

How Crucible Prevents This

Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.

Source: DOJ Press Release — Manhattan U.S. Attorney Announces $72.6 Million Settlement Of Fraud Lawsuit Against Wells Fargo Bank For Overcharging Foreign Exchange Customers Over

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