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European lawmakers and the EU's 27 nations on Wednesday hammered out a leadership structure that will govern the bloc's new Anti-Money Laundering Authority, or AMLA, the centerpiece of sweeping AML reforms set in motion more than two years ago. The Council of the EU, which represents the bloc's national governments, said that under an agreement reached with the European Parliament in Strasbourg, France, the AMLA will answer to an executive board composed of a chairperson and five directors. Both parties also agreed Wednesday to expand the agency's mission to include monitoring financial institutions for compliance with EU sanctions, promoting high...