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Weekly Roundup: China Restricts Overseas Real Estate Purchases, Lithuanian Man Faces Money Laundering Charges in New York, and More

China formally restricted purchases of overseas real estate and hotels along with various other types of assets in an effort to clamp down on capital outflows, Bloomberg reported. More New York federal prosecutors accused a Lithuanian businessman of money laundering and other charges for allegedly bilking Google and Facebook out of more than $100 million, the Associated Press reported. More New proposed legislation in Australia could strengthen the enforcement powers of the country's financial intelligence unit and enable regulators to police digital currency more comprehensively, Reuters reported. More Commonwealth Bank of Australia's chief executive Ian Narev will not be required...

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