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Midweek Roundup: UK Warns Deutsche Bank, Austrian Lender Goes Bankrupt After Money Laundering Scandal, and More

Deutsche Bank must update British regulators each month on its efforts to remediate persistent deficiencies in its anti-money laundering program to avoid losing access to the U.K. market, sources told the Financial Times. More Anglo Austrian Bank, previously Meinl Bank, filed for bankruptcy after losing its EU banking license for helping suspects launder hundreds of millions of dollars stolen from lenders in Ukraine, Lithuania and Latvia, according to the Organized Crime and Corruption Reporting Project. More Portuguese prosecutors may freeze any proceeds from the sale of Isabel dos Santos' near-majority stake in lender EuroBic as part of their graft and...

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