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PricewaterhouseCoopers consulting unit suspended for 2 years and fined $25 million

PwC suspended and fined

The Regulatory Advisory Services (RAS) unit of PricewaterhouseCoopers LLP in USA, one of the Big4 accounting firms, has been suspended for two years and fined $25 million by New York State Department of Financial Services. They have been charged with altering and improperly submitting an anti-money laundering compliance report for Bank of Tokyo Mitsubishi. According to findings, PwC bowed to ...

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