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The U.S. Office of Foreign Assets Control, also known as OFAC, has launched an inquiry into the transfer of Russian clients from Credit Suisse to UBS after the latter purchased the former last year, Reuters reported. More The U.K. Financial Conduct Authority fined Metro Bank £17 million for failing to address transaction monitoring-related shortcomings that allowed £51 billion of payments to settle without any screening for signs of illicit finance, ACAMS moneylaundering.com reported. More Spanish authorities arrested Oscar Sanchez Gil, head of the national policy agency's financial crime unit, on suspicion of corruption and money laundering after investigators found €20...