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The Financial Action Task Force updated the U.S. government's rating for "transparency and beneficial ownership of legal persons" from "non-compliant" to "largely compliant," ACAMS moneylaundering.com reported. More FATF also reassessed and found Australia "compliant" or "largely compliant" with 30 of the group's 40 technical standards for combating illicit finance. More The Small Business Association of Michigan filed a legal challenge against the Corporate Transparency Act after a federal ruling in Alabama temporarily blocked U.S. officials from enforcing the law against members of a different trade organization, Crain's Detroit Business reported. More Trustcom Financial, a now-defunct Lithuanian fintech suspected of laundering...