Wells Fargo drops as US seeks fixes to money-laundering controls
==========
Wells Fargo & Co shares fell after a deal with the Office of the Comptroller of the Currency (OCC) on September 13, 2024, requiring the bank to improve money laundering detection and compliance with international sanctions; the stock dropped as much as 6.5% before recovering to a 4.3% decline by 2:16 PM in New York; the OCC's agreement does not impose a monetary penalty; Wells Fargo stated it is addressing the required corrective actions with urgency.
#WellsFargo #MoneyLaundering #Occ #StockMarket #FinancialRegulations #Compliance #Sanctions #Banking #Investments #FinancialCrimes
https://theedgemalaysia.com/node/726652
The Edge Malaysia /
npub15q…t0mcv
2024-09-13 02:49:16
Author Public Key
npub15q3n6g46fstp0h7wemjzwkh9jy6akndzdzk2sz8q0hwgvz6sfe3srt0mcvPublished at
2024-09-13 02:49:16Event JSON
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"content": "Wells Fargo drops as US seeks fixes to money-laundering controls\n==========\n\nWells Fargo \u0026 Co shares fell after a deal with the Office of the Comptroller of the Currency (OCC) on September 13, 2024, requiring the bank to improve money laundering detection and compliance with international sanctions; the stock dropped as much as 6.5% before recovering to a 4.3% decline by 2:16 PM in New York; the OCC's agreement does not impose a monetary penalty; Wells Fargo stated it is addressing the required corrective actions with urgency.\n\n#WellsFargo #MoneyLaundering #Occ #StockMarket #FinancialRegulations #Compliance #Sanctions #Banking #Investments #FinancialCrimes\n\nhttps://theedgemalaysia.com/node/726652",
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