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The U.S. government has not taken appropriate steps to address the growing use of mobile payment systems to launder money and finance terrorism, according to a State Department report. In its annual International Narcotics Control Strategy Report issued Friday, the State Department identified point of sale payments using mobile phones or other devices, known as m-payments, as a growing money laundering and terrorist financing threat, especially in developing countries. "There are already indications that money launderers and those that finance terrorism will avail themselves of the new m-payment systems," said the report. "Responsible jurisdictions must find a balance between the...