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The U.S. Treasury Department sought in new guidance to increase participation in a nearly 20-year-old program through which banks exchange protected information on customers and payments to prevent and report suspected money laundering and terrorist financing. Financial institutions may use Section 314(b) of the Patriot Act to share data on clients and transactions they suspect of ties to illicit finance, even when they lack evidence to support such findings or have yet to "conclusively" classify them as suspicious, the department's Financial Crimes Enforcement Network advised Thursday. "Frankly, many have been calling for clarity in this area for a long time—I...