Weekly Roundup: US Bill Targets CDD Rule, Justice Department Weighs Deal with Huawei Finance Chief, and More

Final revisions to sections of the National Defense Authorization that would significantly overhaul the Bank Secrecy Act and establish a national database of beneficial ownership information would also require the U.S. Treasury Department to scrap portions of the customer due-diligence rule, ACAMS reported. More Federal prosecutors are considering a deal that would allow Huawei finance chief Meng Wanzhou, whom they charged last year with bank fraud and wire fraud, to return to China from Vancouver, where she has been detained for the past two years, in exchange for admitting that she helped the telecom evade U.S. sanctions, sources told...