Shares of Wells Fargo & Company lost 4% following the announcement of a formal agreement with the Office of the Comptroller of the Currency concerning the bank’s anti-money laundering (AML) and sanctions risk management practices. The agreement points out flaws in the bank’s anti-money laundering internal controls and risk management procedures in several areas, such as the reporting of suspicious activity and currency transactions, customer due diligence and the bank’s customer identification and beneficial ownership initiatives. The bank first disclosed this probe in its second-quarter Secur…