![Wells Fargo says its software was used for transactions with sanctioned entities](https://i-invdn-com.investing.com/trkd-images/LYNXNPEI420HR_L.jpg)
© Reuters. Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon
(Reuters) – Wells Fargo (NYSE:) & Co has disclosed to the Office of Foreign Assets Control that certain foreign banks used its software to conduct transactions with sanctioned entities, the bank said in a regulatory filing on Tuesday.
The bank has been cooperating with investigations or inquiries by federal government agencies, it added.
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