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Midweek Roundup: White House Seeks More Funds for FinCEN, US Lawmakers Want Credit Suisse to Disclose Russian Ties, and More

U.S. President Joe Biden's proposed budget for fiscal year 2023 would allow the Treasury Department's Financial Crimes Enforcement Network to boost staffing by nearly 50 percent, The Wall Street Journal reported. More Two U.S. lawmakers urged Credit Suisse to respond to allegations reported by the Financial Times that the Swiss bank may have instructed investors to destroy records linked to its provision of luxury assets-backed loans to wealthy clients, including Russian oligarchs that wound up blacklisted after their nation's invasion of Ukraine, The Wall Street Journal reported. More HSBC has stopped onboarding new Russian clients and has stepped up scrutiny...

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