(Reuters) – The U.S. Federal Reserve and Treasury Division’s Workplace of International Property Management on Thursday fined Wells Fargo (NYSE:) & Co about $97.8 million for insufficient oversight of its sanctions compliance dangers from 2010 to 2015.

The Fed stated the financial institution’s poor oversight enabled it to violate U.S. sanctions by offering a commerce finance platform to a international financial institution that used it to course of $532 million in prohibited transactions.

The Workplace of International Property Management additionally imposed a separate penalty on Wells Fargo for the violations, the Fed stated in a launch, including that the full superb is about $97.8 million.