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Weekly Roundup: ‘Big Four’ US Banks Served Cannabis Firms, Airbus Delivers First Passenger Jet to Iran, and More
printBank of America, Citigroup, Wells Fargo, JPMorgan Chase & Co. or their subsidiaries held accounts for more than 35 percent of the firms that applied to operate medical-marijuana dispensaries in Massachusetts from June 2015 to September 2016, American Banker reported. More U.S. President Barack Obama eased sanctions against Sudan in response to "positive" moves by the nation to improve humanitarian access and reduce internal conflict, but opted to place a six-month waiting period on his decision to ensure progress continues. More and More U.S. attorneys and compliance officers are not violating sanctions when they advise foreign firms on sanctions-related issues,...
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