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A round of regulatory examinations in France have exposed inadequate communications between French banks and their overseas affiliates for anti-money laundering purposes, the Prudential Supervision and Resolution Authority, or ACPR, claimed. Adopted under the premise that financial crime does not recognize borders, the EU's Fourth AML Directive requires the bloc's 28 nations to ensure that banks and other financial institutions implement groupwide programs against money laundering and terrorist financing, and procedures for foreign branches to share data on clients and transactions. Three years out from France having transposed those requirements at the national level, most of the country's financial institutions...