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The central bank of the Netherlands, which also serves as the country's primary anti-money laundering supervisor, wants to give financial institutions more flexibility to refocus their systems and controls against illicit finance on clients who pose the highest risk of criminality. On Wednesday, De Nederlandsche Bank, or DNB, published a preliminary draft of new guidance on the levels of due diligence financial institutions should apply to politically exposed persons, individuals in countries with lax AML regimes, owners of low-risk domestic entities, and entities within complex international structures, among other parties. Banks and other interested parties have until Nov. 30 to...