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Midweek Roundup: Wells Fargo Asset Cap Lifted, EU Delays Watchlist, and More

The U.S. Federal Reserve lifted an asset cap imposed on Wells Fargo seven years ago after finding that employees had opened millions of unauthorized accounts to meet sales targets, the Financial Times reported. More and More The European Commission delayed circulating a plan for bringing the EU's list of "high-risk third countries" with subpar defenses against illicit finance in line with the Financial Action Task Force's "gray list," ACAMS moneylaundering.com reported. More German lender Sparkasse Hannover blocked payments from Nord Stream 2, a blacklisted subsidiary of Russia's Gazprom, destined for an account held by former German Chancellor Gerard Schroeder, a...

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