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Midweek Roundup: EU Regulator Eyes AML Penalty Database, US Brokerage Missed Cybercrimes, and More

The European Banking Authority proposed establishing a centralized database of financial institutions found to have weak anti-money laundering programs, the Independent reported. More EU officials are inching towards an agreement to ban cash payments of more than €10,000, Sueddeutsche Zeitung reported. More The U.S. Securities and Exchange Commission fined a Colorado brokerage $1.5 million for failing to accurately and promptly report account takeovers, ACAMS moneylaundering.com reported. More A British court ordered JPMorgan Chase to submit internal documents from senior executives and compliance officers on $875 million of payments that the Nigerian government has identified as bribes, the Financial Times reported....

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