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Amended reporting requirements by the U.S. Treasury Department are likely to generate a flood of new sanctions-related filings that may have little, if any, intelligence value, sources told ACAMS moneylaundering.com. The department's Office of Foreign Assets Control last month expanded the range of interactions with individuals and firms indirectly subjected to U.S. sanctions that regulated entities must flag to the agency, and enacted several other changes to existing reporting, recordkeeping and licensing requirements. Before the revisions were published in the Federal Register as an interim final rule on June 21, financial institutions had to report to OFAC within 10 days...