Troubled bank Wells Fargo has been hit with two more fines, this time totalling $97.8m, for inadequate oversight of compliance risks.
Notices issued by the Federal Reserve and OFAC penalise the bank for enabling the violation of federal sanctions against Iran, Syria and Sudan. The fines relate to inadequate oversight
Free Trial
Register for free to keep reading.
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Regular podcasts from trusted external experts
- Fresh compliance and regulatory content every day
