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Midweek Roundup: Panama Penalizes Bank of China, Circle Breached US Sanctions, and More

Panama's financial regulator fined the local affiliate of Bank of China $1.3 million for violating anti-money laundering rules and other requirements, Market Research Telecast reported. More Cryptocurrency firm Circle Internet Financial has set aside $1.1 million to pay the U.S. Treasury after allegedly violating sanctions against Iran, Global Investigations Review reported. More Changpeng Zhao, founder of cryptocurrency exchange Binance, pledged to make the firm a fully regulated financial institution after falling under intense global regulatory scrutiny for allegedly maintaining lax compliance and governance controls, Reuters reported. More U.K. regulators warned investors that CoinBurp, a fledgling exchange of non-fungible digital tokens...

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