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A legislative panel in France wants to outlaw anonymous purchases of prepaid cards and limit how many "registered" prepaid cards customers can buy in a bid to stop money launderers and other criminals from using them to hold and move funds without detection. After nearly five months of hearings and interviews with scores of government officials, investigators, private-sector representatives and other anti-financial crime specialists, the French Senate's commission of inquiry against illicit finance concluded in a 300-page report that their country's relevant laws and regulations need adjustments. "Money laundering is the most lucrative illegal activity in France today, accounting for...