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Wachovia to settle money-laundering case

Posted: March 18, 2010 at 2:10 a.m.

Banking giant Wachovia Corp. will pay $160 million to settle a federal investigation into laundering of illegal drug profits through Mexican exchange houses in the largest case of its kind ever brought against a U.S. bank, prosecutors said Wednesday.

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Business, Pages 26 on 03/18/2010

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