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EU officials must "strike a balance" between data privacy rights and the fight against financial crime, especially in the context of increasingly interconnected registers of banking and ownership data and a rise of public-private forums, Europe's data protection watchdog has found. In May, the European Union's executive branch, the European Commission, unveiled plans to enhance exchanges of financial intelligence between the bloc's 27 nations and smooth out differences in their respective anti-money laundering rules after a series of high-profile money laundering scandals brought disrepute to banks and regulators alike. Those plans largely passed muster with the European Council and Parliament...