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Weekly Roundup: U.K. Weighs Corporate Criminal Liability for AML Lapses, BNP Settlement Expected Monday, and More
printBritish officials could expand laws to hold companies criminally liable for failing to prevent fraud and money laundering, the Financial Times said. The government is conducting a review of its efforts to fight financial crime and may undertake a review of whether its corporate criminal liability laws need to be strengthened. More BNP Paribas will plead guilty to criminal sanctions violations and pay $8.9 billion to U.S. investigators and regulators under an agreement expected Monday, The New York Times said Friday. The New York State Department of Financial Services is near a deal that would bar units of the bank...
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