Weekly Roundup: AML Reform Bill Clears US Senate, FinCEN Encourages Banks to Share Financial Intelligence, and More

U.S. senators voted 84 -13 in favor of a defense spending bill that would reform federal anti-money laundering rules and the government's broader campaign against financial crime, ACAMS reported. More The U.S. Treasury Department's Financial Crimes Enforcement Network issued guidance to bolster participation in a data-sharing program between financial institutions, reported. More Treasury officials have thus far failed to identify a single foreign financial institution that willfully handled significant funds for ten senior Hong Kong officials after they were blacklisted by the U.S. in October for facilitating China's ostensible crackdown of the autonomous territory. More A Dutch court's...