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Financial institutions have been forced to tailor their anti-money laundering training and controls to address rampant fraud against a pair of U.S. government financing programs to help small businesses survive the novel coronavirus pandemic. With the enactment of the Coronavirus Aid, Relief, and Economic Security Act on March 27, 2020, U.S. officials established the Paycheck Protection Program to help firms struggling amid the crisis meet payroll and other expenses, and expanded the existing Economic Injury Disaster Loan scheme to cover their operating costs, including rent, utilities and employee benefits. Eligible businesses can apply through either or both programs, and both...