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Midweek Roundup: DOJ Outlines Compliance Certification Plan, Treasury Wants More Reporting on Russian Transactions, and More

A top U.S. Justice Department official said federal prosecutors will soon be empowered to require chief executives and compliance leaders to certify in writing that their firms have fully remediated any regulatory lapses identified during criminal prosecutions, ACAMS moneylaundering.com reported. More A senior U.S. Treasury Department official urged banks to aggressively monitor transactions for signs that Russian individuals and firms are attempting to evade sanctions imposed on them in response to their nation's latest military incursion into Ukraine, moneylaundering.com reported. More U.S. authorities are inching toward blacklisting Roman Abramovich after journalists reported the Russian oligarch may have secretly funneled millions...

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