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Weekly Roundup: UK Banks Target Visa Overstay, EU Adopts New Sanctions Against North Korea, and More

Banks and building societies in the United Kingdom are required to review around 70 million accounts and subsequently close down or freeze the funds of those held by individuals suspected of overstaying their visas, the Guardian reported. More EU ambassadors preliminarily agreed to a raft of new sanctions against North Korea, including a reduction to the current €15,000-cap on money transfers to the country, Reuters reported. More U.N. sanctions are not deterring North Korea from developing its nuclear and ballistic missile programs in part because the nation uses shell companies to bypass restrictions and its population is used to shortages...

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