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Wells Fargo's cash violations were discussed.

February 12, 1986

Executives from the San Francisco bank met with U.S. Treasury officials last week to talk about the bank's compliance with federal laws requiring the reporting of large cash transactions, bank spokesmen said. Violations of the law have led to large fines at a dozen other major banks, including California-based Crocker National Bank and Bank of America. Wells Fargo previously said its internal auditors had found $2.7 million worth of unreported cash transactions, far less than the value of the violations at Crocker or B of A.

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