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Financial institutions and law enforcement agencies in the Netherlands could share data on suspected financial criminals more frequently under recently proposed legislation. In a 32-page memorandum, Dutch officials disclosed plans to eliminate legal “bottlenecks” that prevent them from regularly sharing the names, addresses and other personal information of suspect individuals and legal entities, and to exempt firms from certain data-protection rules when serving a “substantial public interest,” such as combating fraud or money laundering. Dutch lenders, investigators and regulators currently exchange data on general financial-crime risks and patterns but cannot regularly discuss specific financial intelligence tied to ongoing investigations. The...