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Weekly Roundup: EU Blacklists Sberbank, HSBC Forms Internal Chinese Communist Party Committee, and More

The European Union agreed to ban imports of Russian gold imports and freeze the assets of Sberbank, Russia's largest lender, Euronews reported. More Pressured by Beijing, HSBC, Europe's second-largest lender by assets, has become the first foreign financial institution to install a Chinese Communist Party committee in its investment banking subsidiary, HSBC Qianhai Securities, the Financial Times reported. More U.S. House lawmakers approved the Financial Crimes Enforcement Network's request for a significantly larger budget for fiscal year 2023, ACAMS moneylaundering.com reported. More Deutsche Bank incurred a €7 million fine in Germany for reporting suspicious payments tied to Rifaat Assad, uncle...

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