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Weekly Roundup: Trump EO Targets Banks, Iraqi Lender Draws Fire, and More

Banks must take President Donald Trump's directive on financial services seriously, analysts told ACAMS moneylaundering.com, even if his claim that they have systematically denied accounts to his supporters and other politically right-leaning individuals does not hold water. More Rep. Joe Wilson (R-SC) threatened in a post on X to "work to cut funding" to Iraq after accusing state-owned Rafidain Bank of handling funds for the U.S.-blacklisted Houthis in Yemen. More U.K. authorities claim that more than 225,000 individuals in Britain served as money mules last year by using, or letting others use, their accounts to launder funds, the Financial Times reported....

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