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Bank of America faces a lawsuit after publicly announcing it would limit government-sponsored loans to small businesses during the coronavirus pandemic to avoid anti-money laundering related risks, Bloomberg reported. More U.K. lender HSBC's branch in Australia told domestic regulators that it may have violated AML rules in its handling of transfers to and from overseas institutions, ABC News reported. More Financial institutions around the world invested nearly $200 billion on anti-financial crime compliance in 2019, with European firms outspending their North American counterparts by nearly four to one, according to independent research cited by Compliance Week. More Federal prosecutors charged...