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Dutch regulators would be authorized to “name and shame” financial institutions that breach anti-money laundering rules and assess double-maximum penalties against repeat offenders under legislation approved Tuesday. The House of Representatives, the lower house of the Netherlands’ legislature, overwhelmingly voted in favor of amending the Law to Prevent Money Laundering and Terrorist Financing to raise the ceiling for AML-related penalties to 20 percent of an offending bank’s annual turnover if the violation in question occurred within five years of a previous enforcement action. The legislation would also allow the Dutch Central Bank to name financial institutions subject to enforcement actions...