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A plan to harmonize how EU nations define and enforce laws against money laundering could simplify compliance expectations for multinational financial institutions, say sources. The draft measure, which the European Commission expects to propose by the end of the year, would establish a binding, minimum standard for all of the European Union's 28 member states to criminalize money laundering, and set minimum penalties and sentences for violations. EU officials intend for the plan to eliminate, or at least reduce, variances in national money-laundering statutes and predicate crimes they claim have impeded member states from adequately assisting each others' investigations and...