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U.S. banks and other financial institutions may have to spend almost $700 million combined to build the systems they will need to access beneficial ownership information from the Financial Crimes Enforcement Network, The Wall Street Journal reported. More and More FinCEN proposed to designate Al-Huda Bank as a "primary money laundering concern" for handling funds for Iran's Islamic Revolutionary Guards Corps and a two Iran-backed militias in Iraq, ACAMS moneylaundering.com reported. More and More Spain, Italy German and the six other nations vying to host the EU's planned Anti-Money Laundering Authority faced questioning from European lawmakers over their suitability, EuroNews...