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Midweek Roundup: FinCEN Pitches New SAR Sharing Initiative, US Broker-Dealer Cops to AML Breaches, and More

The U.S. Treasury Department's Financial Crimes Enforcement Network formally pitched a plan to allow financial institutions to share suspicious activity reports with their foreign branches, subsidiaries and affiliates, ACAMS moneylaundering.com reported. More A small broker-dealer in Pennsylvania admitted to maintaining lax anti-money laundering controls that enabled corrupt Brazilian nationals to move funds through its accounts, moneylaundering.com reported. More Deutsche Bank's compliance department filed a suspicious transaction report on a €160,000 payment from a wealthy client to one of the institution's most senior private bankers, the Financial Times reported. More Authorities in Luxembourg charged the former chief executive of private bank...

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