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Financial institutions in the United States will not be required to identify the beneficial owners of firms that hold certain automatically renewing accounts for at least the next three months, the head of the U.S. financial intelligence unit told lawmakers Wednesday. Ken Blanco, director of the U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, said the bureau will exempt existing loans and certificates of deposit, or CDs, that roll over at regular intervals from customer due-diligence requirements until August 9 and possibly beyond that date, pending further review. “They [financial institutions] have a very sympathetic ear in me with...