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The EU's mechanism for shielding companies and financial institutions involved in legitimate commercial transactions with Iran from U.S. sanctions has been used only one time since launching more than three years ago, ACAMS moneylaundering.com reported. More A Michigan-headquartered bank with significant operations in California drew a $6 million penalty from the Office of the Comptroller of the Currency on Tuesday, a little more than a year after a former director of its residential loan program admitted to falsifying loan documents and undermining its anti-money laundering controls, moneylandering.com reported. More U.S. military researchers have launched a formal study of cryptocurrency's vulnerability...