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Midweek Roundup: Finra Fines Raymond James Financial for AML Flaws, JPMorgan Limits Swift Access, and More

U.K. Prime Minister David Cameron will soon ask lawmakers to consider his administration's Criminal Finances Bill, a legislative package that would reform how suspicious activity reports are used and enhance the government's ability to seize assets. Cameron's government has yet to disclose details of the legislation, which follows last week's Anti-Corruption Summit in London. More The Financial Industry Regulatory Authority, or Finra, fined Raymond James Financial $17 million for relying on a "patchwork" of anti-money laundering (AML) controls to detect suspicious activity and failing to flag unusual wire transfers to Panama and elsewhere. The industry regulator also fined and temporarily...

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