Midweek Roundup: U.K. Regulator Defends Bank Rule Withdrawal, FATF Outlines Terror Finance Trends, and More

U.K. Prudential Regulation Authority chief Andrew Bailey appeared before British lawmakers to defend the agency's recent withdrawal of a rule that placed the burden on bank executives to prove their innocence in misconduct cases, the Guardian reported. Bailey reportedly argued that the rule risked violating European human rights standards. More Iran's Supreme Leader Ayatollah Ali Khamenei approved the country's agreement to scale back its nuclear program in exchange for relief from Western and U.N. sanctions, according to the Washington Post. More Khamenei stands to benefit considerably from the deal, largely through his control of a secretive organization known as Setad,...