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Weekly Roundup: US Diplomat Derides Swiss Sanctions Loophole, FATF Unveils New Approach, More

U.S. Ambassador Scott Miller voiced disappointment with Switzerland's decision not to close an alleged loophole through which Russian companies use subsidiaries to evade EU sanctions, the Associated Press reported. More The head of Switzerland's sanctions-enforcement agency, the Secretariat for Economic Affairs, countered in an interview with Bloomberg that foreign subsidiaries suspected of helping their Russian parent companies circumvent sanctions are investigated. More The Financial Action Task Force disclosed changes to the process by which the group adds countries with weak anti-money laundering regimes to a "gray list" in a bid to ease pressure on poorer nations that do not pose...

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