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Wells Fargo fined $98M for facilitating sanctions violations in Iran, Syria, Sudan
Federal Reserve, OFAC, Sanctions
April 10, 2023
Wells Fargo will pay nearly $98 million to settle charges a subsidiary facilitated more than $532 million worth of prohibited transactions in violation of sanctions against Iran, Syria, and Sudan. The Federal Reserve Board announced Thursday it fined Wells Fargo $67.8 million for oversight failures, and ...Read More