Wells Fargo Commits to Regulator Agreement to Fix Financial-Crime Controls

Reported by Connor Hart Wells Fargo has agreed to enhance its anti-money-laundering and sanctions-risk-management practices after the Office of the Comptroller of the Currency identified deficiencies with the bank’s current programs. The OCC on Thursday entered an agreement with Wells Fargo, under which the bank must obtain the regulator’s approval of its program for assessing […]