Wells Fargo & Company (NYSE:WFC) shares are trading higher on Friday. On Thursday, the U.S. Office of the Comptroller of the Currency (OCC) entered into a formal agreement with the company as related to its anti-money laundering (AML) and sanctions risk management practices. Wells Fargo issued a statement Thursday announcing a new agreement, which will require enhancements to the bank’s AML and sanctions risk management practices, obtaining the OCC’s acceptance of Wells Fargo’s program for assessing the AML and sanctions risks of new offerings and providing notice to the OCC before expanding c…
