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Weekly Roundup: US Treasury Assesses DeFi Risk, Emirati Authorities Yank Russian Bank’s License, and More

U.S. officials warned decentralized finance services in the U.S. that they must follow the same anti-money laundering and combating-the-financing-of-terrorism regulations as banks and other mainstream financial institutions, ACAMS moneylaundering.com reported. More Emirati authorities cited "sanctions risks" as the reason for canceling blacklisted Russian lender MTS Bank's license, the Financial Times reported. More Germany's audit regulator banned EY from taking on listed companies as audit clients in the country for two years and fined five current and former employees for failing to spot irregularities at Wirecard, the Financial Times reported. More The Moscow Times identified Igor Altushkin, a Russian billionaire not...

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