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.
週五，富國銀行（NYSE:WFC）股價上漲。週四，美國國家監察官辦公室(Office of the Comptroller of the Currency，OCC)與該公司簽署了一項正式協議，涉及其反洗錢（AML）和制裁風險管理實踐。
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.
週四，富國銀行發表聲明宣佈新協議，將要求加強該銀行的AML和制裁風險管理實踐，獲得OCC對於評估新產品AML和制裁風險以及在擴展某些產品之前向OCC提前通知的認可。
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.
高盛分析師Richard Ramsden和James Yaro寫道，富國銀行似乎早就了解與這次執法行動有關的問題，因此他們不認爲這會對其2024年的費用預期產生重大影響。
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.
根據過去的案例，如果富國銀行能在OCC規定的時間內解決控制缺陷，就不太可能升級爲更嚴重的同意令，該令可能涉及民事處罰和更嚴格的業務限制，分析師稱。
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.
分析師表示，儘管該協議限制了WFC在未經批准的情況下擴展中等或高風險的產品或服務，但他們不預見近期增長會受到重大影響。
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.
加拿大皇家銀行資本市場分析師Gerard Cassidy寫道，雖然這個消息出人意料且反洗錢問題是嚴重的，通常涉及罰款、長期解決方案和高昂成本，但他們不認爲這份協議會影響到聯儲局解除2018年禁令和資產限制的機會。
The C&D order is focused on WFC's consumer banking issues, while today's agreement addresses separate AML concerns, adds the analyst.
該禁令主要針對富國銀行的消費銀行問題，而今天的協議涉及單獨的反洗錢問題，該分析師補充道。
Last month, Wells Fargo planned to sell its non-agency third-party commercial mortgage servicing segment to Trimont, closing in early 2025.
上個月，富國銀行計劃在2025年年初將其非機構第三方商業抵押貸款服務部門出售給Trimont。
Investors can gain access to the stock via First Trust Nasdaq Bank ETF (NASDAQ:FTXO) and Invesco KBW Bank ETF (NASDAQ:KBWB).
投資者可以通過First Trust納斯達克銀行ETF（NASDAQ：FTXO）和Invesco KBW銀行ETF（NASDAQ：KBWB）獲得該股票。
Price Action: WFC shares are up 1.48% at $52.33 at the last check Friday.
價格行爲：WFC股票在上週五最後一次查詢時上漲了1.48%，達到52.33美元。
Image via Shutterstock
圖片來自shutterstock。
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