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The Dutch Finance Minister has poured cold water on a proposal by banks in the Netherlands to dramatically increase intelligence-sharing with local law enforcement agencies so they can refocus their compliance programs on clients who pose the highest risk of criminality. The Dutch Banking Association, or NVB, on Monday called on the government to move away from an anti-money laundering framework that produces hundreds of thousands of mostly low-value reports to the country's financial intelligence unit, FIU-the Netherlands, every year. Banks should instead be empowered to screen their customers and the transactions they conduct largely on the basis of operational...