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Legislation expected to take effect in the coming weeks may drastically expand the due-diligence and monitoring obligations U.S. financial institutions must apply to certain correspondent accounts based overseas, sources said. The Hizballah International Financing Prevention Amendments Act of 2018, which is now in conference after companion versions passed the House on Sep. 25 and the Senate last October, tightens restrictions placed three years ago on individuals and entities that provide financial and other support to the U.S.-blacklisted Lebanese militia. One provision of the bill requires the White House to compile a list of nations that knowingly help the group train,...