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Wells Fargo says OCC terminated 2016 consent order

(Reuters) -Wells Fargo said the U.S. Office of the Comptroller of the Currency has terminated a 2016 consent order over the bank's sales practices misconduct, after years of work to repair the damage from a scandal that put it in regulators' crosshairs. The move marks the sixth consent order that regulators have terminated for the bank since 2019, CEO Charlie Scharf said. "I have repeatedly said that implementing a risk and control framework appropriate for a bank of our size an...
Niket Nishant Shinjini Ganguli Charlie Scharf Office Of The Comptroller Wells Fargo Consent Order
Source: yahoo.com

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Client Alert: New multi-front Enforcement Action Emphasizes Key AML Compliance Requirements | Jenner & Block

Shinhan Bank America (โ€œShinhanโ€), a New York-based subsidiary of a Korean bank, faced coordinated enforcement actions on September 29 from the Financial Crimes Enforcement Network...
New York United States Shinhan Bank America Financial Crimes Enforcement Network Fin York Department Of Financial Services Bank Secrecy Act

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