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Midweek Roundup: US Ransomware SARs Spike, Check Counterfeiters Target Youth, and More

The number of suspicious activity reports that U.S. financial institutions filed on suspected ransomware attacks grew dramatically from 2020 to 2021, the Treasury Department's Financial Crimes Enforcement Network disclosed. More U.S. check counterfeiters are recruiting high school and college students to act as money mules, a U.S. official told ACAMS moneylaundering.com. More U.K. officials want to explicitly require banks, law firms and other companies regulated for anti-money laundering purposes to report any variances between the know-your-customer information they obtain from their legal-entity clients and the data those same clients file to Britain's database of corporate owners, moneylaundering.com reported. More Russia's...

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