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Candidates for the board of the EU's Anti-Money Laundering Authority said Thursday that the regulator should give financial institutions maximum flexibility to redirect and refocus their compliance programs on customers who pose a high risk of financial crime. AMLA will set uniform standards for compliance and supervision across the EU, serve as a data-sharing hub for national FIUs, and, from July 2028 onwards, directly oversee 40 financial services companies that, based on their systemic importance and relative exposure to illicit finance, present an elevated level of risk to the bloc. In a joint hearing Thursday, members of the European Parliament's...