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A tribunal in the Netherlands has scaled back the terms of an enforcement action imposed three years ago on Bunq, a purely online "neobank," after finding that Dutch rules do not explicitly prohibit the use of artificial intelligence for anti-money laundering purposes. De Nederlandsche Bank, or DNB, cannot censure companies for using artificial intelligence to comply with AML rules without first demonstrating the inadequacy of such an approach, the trade and industry appeals tribunal concluded in a ruling Tuesday that overturns aspects of the regulator's remediation order against the Amsterdam-based lender. "DNB has not proved that this method of screening...