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It is an settlement between Wachovia, now owned by Wells Fargo & Co., and U.S. Division of Justice prosecutors in which Wachovia officials admit the financial institution had not performed enough to watch for cash-laundering schemes among some $378 billion it transferred between its branches and Mexican foreign money-change homes from 2004 to 2007. Matthews believes the lately published Ministry of Justice statistics are indicative of deep structural problems inside Britain's prison system.
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