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The U.S. State Department has given foreign financial institutions conflicting information on how deeply they must drill into the commerce of their customers to hunt for Iran's footprint, the former director of the Treasury Department's sanctions branch said. On Friday, at the ACAMS AML Risk Management Conference in New York, John Smith, who left the Office of Foreign Assets Control in July 2018, said senior political appointees of the State Department have gone as far as to instruct foreign banks to determine whether their clients' clients conduct business with Iran that would violate U.S. sanctions. "If you've been to any...