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Midweek Roundup: FinCEN Preparing Enforcement Relief, US Officials Lack Visibility into Cryptocurrencies, and More

A senior official with the U.S. Treasury Department's Financial Crimes Enforcement Network said the bureau may issue a preliminary proposal to provide regulatory relief to financial institutions that adopt innovative anti-money laundering solutions ahead of its self-imposed June deadline, ACAMS moneylaundering.com reported. More A U.S. government watchdog urged federal officials to boost collection of information on the use of cryptocurrencies by drug and human traffickers, moneylaundering.com reported. More Roger Ng, the former Goldman Sachs banker whom U.S. prosecutors have accused of enabling the embezzlement of billions of dollars from Malaysian state fund 1MDB, will stand trial in New York next...

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