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The failure by U.S. agencies to properly instruct financial institutions on how to identify trade-based money laundering has impeded federal efforts to crack down on criminal networks, lawmakers and congressional witnesses said. In a hearing Wednesday of the House Task Force to Investigate Terrorism Financing, lawmakers weighed the critique as part of a larger discussion of how terrorists and other criminals falsely invoice goods and divert cargo to avoid scrutiny by governmental officials and financial institutions. The panel, which in June considered calls to impose new anti-money laundering controls on a host of businesses outside of the financial sector, has...