Weekly Roundup: Argentina Passes Broad AML Law Ahead of FATF Review, Vatican Returns $33 Million of Seized Vatican Bank Funds, and More

Less than a month away from a deadline that will determine if Argentina will be included on an influential "gray list" of jurisdictions with anti-money laundering (AML) deficiencies, lawmakers approved new legislation to tighten its AML regime, Dow Jones reported Wednesday. The law, which closes a major loophole that allowed laundering one's own assets, imposes stiffer prison sentences and strengthens the government's ability to freeze and confiscate cash and property. Since January, the country's financial intelligence unit has passed at least 22 new AML regulations aimed at improving its standing with the Financial Action Task Force (FATF), which found 962...