Dean Witter settled money laundering charges.

Federal securities regulators had charged the brokerage subsidiary of Sears, Roebuck & Co. with breaking the law by failing to report cash deposits in excess of $10,000 each. The Securities and Exchange Commission said it was not charging that Dean Witter was involved in “a knowing scheme to launder cash.” The violations took place from July, 1983, through April, 1985, the agency said. Dean Witter settled the charges Monday, without admitting or denying the allegations, by agreeing to an SEC “censure,” a mild regulatory rebuke, and by agreeing to hire outside accountants to monitor the firm.