Wells Fargo says it blocked accounts related to government of Iran

Reuters
26 Feb
Wells Fargo says it blocked accounts related to government of Iran

NEW YORK, Feb 25 (Reuters) - Wells Fargo WFC.N blocked and reported accounts in 2024 that met the U.S. sanctions enforcement agency's definition of "government of Iran," it said in a regulatory filing on Tuesday.

The bank does not intend to engage in further activity with accounts that met this definition, it added.

(Reporting by Nupur Anand in New York; Editing by Chris Reese)

((Nupur.Anand@thomsonreuters.com; +1 646 240 2975;))

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