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The 5th U.S. Circuit Court of Appeals ruled that the Office of Foreign Assets Control exceeded the statutory bounds of the International Economic Emergency Powers Act by blacklisting Tornado Cash, a notorious cryptocurrency-mixing service, in August 2022, ACAMS moneylaundering.com reported. More The European Parliament picked Italian central bank official Bruna Szego to lead the EU's planned Anti-Money Laundering Authority, a bloc-wide regulator and financial intelligence hub set to launch in Germany next year, Politico reported. More Morgan Stanley's wealth management branch failed to implement a comprehensive AML program as part of a strategy to secure business from ultra-wealthy clients, nearly...