Wells Fargo & Company Strengthens AML Program with OCC Agreement, Stock Declines 4% Wells Fargo & Company Strengthens AML Program with OCC Agreement, Stock Declines 4%
Wells Fargo & Company witnessed a 4% decline in its stock value following the revelation of a formal agreement with the Office of the Comptroller of the Currency (OCC) aimed at addressing issues within the bank’s anti-money laundering (AML) and sanctions risk management practices. The …