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U.S. financial institutions should respond to negative media coverage of current and former associates of President Donald Trump by reassessing the compliance challenges affected customers and transactions present but refrain from automatically classifying anyone linked to the head of state as high risk, according to Dan Stipano, former deputy chief counsel for the Office of the Comptroller of the Currency, or OCC. From a broader view, the growing cost of maintaining and upgrading compliance programs and the increasingly dire consequences of compliance failures will continue fueling the "de-risking" trend despite federal efforts to stem it, he said. Stipano, now an...