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Weekly Roundup: Iran Urges Sanctions Relief Amid COVID-19 Outbreak, Westpac Sued for AML Breaches, and More

Iran asked the United Nations to lift global sanctions against the Islamic Republic amid a dramatic outbreak of the new coronavirus disease, Radio France Internationale reported. More Westpac investors sued the Australian lender for failing to disclose widespread AML failures, Reuters reported. More Bruce Bagley, a former professor at the University of Miami, will plead guilty to laundering $3 million for a wealthy businessman from Venezuela whom U.S. officials blacklisted for embezzling from the nation's subsidized food program, the Associated Press reported. More More than half of the $10 billion in fines that global regulators assessed from mid-2018 to mid-2019...

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