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The U.S. Treasury Department's Financial Crimes Enforcement Network and Commerce Department's Bureau of Industry and Security warned financial institutions of attempts by Russia and Belarus to evade export controls. More U.S. banks have seen transactional "hit rates" for entities designated by the Office of Foreign Assets Control rise as much as 4 percent after Western nations levied unprecedented commercial and financial restrictions against the Russian government and Kremlin-friendly oligarchs, a panelist said at the ACAMS AML Risk Management & Securities Conference in New York. The European Council, which represents the EU's 27 national governments, tentatively endorsed a plan to give...