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Compliance officers should carefully consider whether and how to respond to a federal request for details on their strategies for managing the financial-crime risks of any cryptocurrency-related services their banks may offer, sources told ACAMS moneylaundering.com. The Federal Deposit Insurance Corp. urged financial institutions on May 17 to state whether they provide or have considered providing custodial, lending, payment and other services in cryptocurrency or to clients in the industry, and list their steps for ensuring those services comply with federal anti-money laundering requirements and other rules. "Banks are increasingly exploring several roles in the emerging digital asset ecosystem," federal...