Wells Fargo's Anti-Money Laundering Compliance: Analysts See Minimal Impact on Growth Despite Regulatory Hurdles
Wells Fargo's Anti-Money Laundering Compliance: Analysts See Minimal Impact on Growth Despite Regulatory Hurdles
Based on past cases, if Wells Fargo resolves the control deficiencies within the OCC's timeline, it's unlikely to escalate to a more serious consent order, which could involve civil penalties and stricter business limitations, per the analysts.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.
周五，富国银行（NYSE:WFC）股价上涨。周四，美国国家监察官办公室(Office of the Comptroller of the Currency，OCC)与该公司签署了一项正式协议，涉及其反洗钱（AML）和制裁风险管理实践。
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 certain of those offerings.
周四，富国银行发表声明宣布新协议，将要求加强该银行的AML和制裁风险管理实践，获得OCC对于评估新产品AML和制裁风险以及在扩展某些产品之前向OCC提前通知的认可。
Goldman Sachs analysts Richard Ramsden and James Yaro write that it appears that Wells Fargo has been aware of the issues related to this enforcement action for some time, so they don't expect it to affect their 2024 expense outlook significantly.
高盛分析师Richard Ramsden和James Yaro写道，富国银行似乎早就了解与这次执法行动有关的问题，因此他们不认为这会对其2024年的费用预期产生重大影响。
Based on past cases, if Wells Fargo resolves the control deficiencies within the OCC's timeline, it's unlikely to escalate to a more serious consent order, which could involve civil penalties and stricter business limitations, per the analysts.
根据过去的案例，如果富国银行能在OCC规定的时间内解决控制缺陷，就不太可能升级为更严重的同意令，该令可能涉及民事处罚和更严格的业务限制，分析师称。
Analysts say that while the agreement restricts WFC from expanding into products or services with medium or high BSA/AML risk without approval, they don't foresee a material impact on their near-term growth.
分析师表示，尽管该协议限制了WFC在未经批准的情况下扩展中等或高风险的产品或服务，但他们不预见近期增长会受到重大影响。
RBC Capital Markets analyst Gerard Cassidy writes that although this news is unexpected and AML issues are serious, often involving fines, lengthy resolutions, and high costs, they don't believe this agreement will affect the chances of lifting the Federal Reserve's 2018 Cease and Desist (C&D) order and asset cap.
加拿大皇家银行资本市场分析师Gerard Cassidy写道，虽然这个消息出人意料且反洗钱问题是严重的，通常涉及罚款、长期解决方案和高昂成本，但他们不认为这份协议会影响到美联储解除2018年禁令和资产限制的机会。
The C&D order is focused on WFC's consumer banking issues, while today's agreement addresses separate AML concerns, adds the analyst.
该禁令主要针对富国银行的消费银行问题，而今天的协议涉及单独的反洗钱问题，该分析师补充道。
Last month, Wells Fargo planned to sell its non-agency third-party commercial mortgage servicing segment to Trimont, closing in early 2025.
上个月，富国银行计划在2025年年初将其非机构第三方商业抵押贷款服务部门出售给Trimont。
Investors can gain access to the stock via First Trust Nasdaq Bank ETF (NASDAQ:FTXO) and Invesco KBW Bank ETF (NASDAQ:KBWB).
投资者可以通过First Trust纳斯达克银行ETF（NASDAQ：FTXO）和Invesco KBW银行ETF（NASDAQ：KBWB）获得该股票。
Price Action: WFC shares are up 1.48% at $52.33 at the last check Friday.
价格行为：WFC股票在上周五最后一次查询时上涨了1.48%，达到52.33美元。
Image via Shutterstock
图片来自shutterstock。
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