US banks have been prosecuted for anti-money laundering failures too. For example, in 2010, Wachovia (now part of Wells Fargo) paid $160m to settle charges rela

US banks have been prosecuted for anti-money laundering failures too. For example, in 2010, Wachovia (now part of Wells Fargo) paid $160m to settle charges relating to anti-money laundering failures. http://online.wsj.com/news/articles/SB10001424052748704059004575128062835484290 http://online.wsj.com/news/articles/SB1000142405274870405900... Last year, the Federal Reserve took enforcement action against Citi for poor anti-money laundering controls. http://www.forbes.com/sites/halahtouryalai/2013/03/26/fed-hits-citi-over-money-laundering-problems/ http://www.forbes.com/sites/halahtouryalai/2013/03/26/fed-hi...