The Office of Thrift Supervision has issued a Cease and Desist order to WaMu because they’re extremely crappy at stopping money laundering. According to the order, they must get their act together and file a new plan that insures they will be in compliance with the Bank Secrecy Act by March 31, 2008.

Bad WaMu. You let the criminals win.

Cease And Desist (PDF) [OTS] (Thanks, David!)
(Photo:Getty)

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