{"schema_version":"secwatch.filing_event.v1","accession":"0000072971-24-000206","form_type":"8-K","ticker":"WFC","cik":"0000072971","company_name":"WELLS FARGO & COMPANY/MN","filed_at":"2024-09-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.734462+00:00","generated_at":"2026-05-31T05:21:20.346725+00:00","sec_items":["8.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Wells Fargo enters OCC formal agreement over AML/sanctions compliance failures","bullets":["OCC cites deficiencies in AML internal controls and financial crimes risk management, along with violations of BSA/OFAC rules.","Agreement requires a written action plan within 120 days, overseen by a Compliance Committee with at least 3 members, majority independent.","Bank must enhance customer due diligence, CIP, beneficial ownership, suspicious activity monitoring, and OFAC sanctions screening systems.","Bank must develop an enterprise-wide BSA/AML/OFAC risk assessment methodology and a data integrity program for key compliance systems.","Quarterly progress reports to OCC required; Internal Audit must review action plan implementation within 120 days of OCC approval."],"urls":{"canonical":"https://secwatch.observer/filing/0000072971-24-000206","json":"https://secwatch.observer/filing/0000072971-24-000206.json","markdown":"https://secwatch.observer/filing/0000072971-24-000206.md","text":"https://secwatch.observer/filing/0000072971-24-000206.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/72971/000007297124000206/0000072971-24-000206-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/72971/000007297124000206/wfc-20240912.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T05:21:20.346725+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}