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Danish prosecutors formally charged local lender Kobenhavns Andelskasse with money laundering for allegedly handling tens of millions of euros in illicit proceeds, Payments Compliance reported. More Australia's financial intelligence unit ordered PayPal to hire an external auditor to conduct a transactional review amid concerns that the payment platform may have failed to flag suspected money laundering and terrorist financing, Reuters reported. More Australian payment processor Afterpay claimed the independent review it has carried out pursuant to a regulator's order in June has not unearthed any evidence that the firm facilitated criminal activity, Reuters reported. More Fourteen financial institutions in Germany...