Wells Fargo says its software was used for transactions with sanctioned entities

Wells Fargo says its software was used for transactions with sanctioned entities
Wells Fargo Bank branch is seen in New York

(Reuters) – Wells Fargo & Co has disclosed to the Office of Foreign Assets Control that certain foreign banks used its software to conduct transactions with sanctioned entities, the bank said in a regulatory filing on Tuesday.

The bank has been cooperating with investigations or inquiries by federal government agencies, it added.

(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)

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