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Midweek Roundup: EU Plans Crackdown on Passport Sales, Iran Adopts AML Legislation, and More

Iran’s top constitutional body approved anti-money laundering legislation in a bid by Tehran to be removed from an international money-laundering blacklist and to attract foreign investment despite U.S. sanctions, Reuters reported. More Iraqi Prime Minister Haider al-Abadi rowed back on an earlier commitment to comply with reinstated U.S. sanctions against Iran, saying his government would only abide by a ban on using U.S. dollars to transact with Iranian counterparts, according to Reuters. More German automobile maker Daimler’s decision to drop plans to expand to Iran due to the reinstatement of U.S. sanctions is likely to be followed by other European...

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