Wells Fargo Bank OFAC Settlement: $42.8K (2005)

Last updated: July 20, 2026

Wells Fargo Bank settled a civil penalty of $42,833.00 for violations of the Iranian Transactions Regulations involving the operation of Iranian accounts from 1998 to 2000 and the unauthorized closure of an Iranian account in 2000. Wells Fargo did not make a voluntary disclosure.

Penalty Amount

$42,833.00

Enforcement Date

January 7, 2005

Rank in Top Penalties

#312

Case Details

Type:: Entity
Name:: Wells Fargo Bank
Country:: 🇺🇸 United States
Industry:: Banking
Address:: Minneapolis, MN 55479
Penalty amount:: $42,833.00
Egregious case:: Unknown
Voluntary self disclosure:: No
Case:: Settled
Violation period:: 1998 to 2000
Program:: Iran
Enforcement date:: January 7, 2005

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

SHA-256: 1f65f1f3ed52bb28bc983eb9fcd73b91afc1ff0381244bc050502731c2f2976c