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Weekly Roundup: Vermont Lender Reaches ‘Compliance Capacity,’ China’s UnionPay Rejects Russian Bank Cards, and More

Vermont State Employees Credit Union has ordered a halt on new accounts for state-licensed cannabis businesses after reaching its anti-money laundering "compliance capacity," Heady Vermont reported. More China's UnionPay payment system has ceased accepting cards issued by Russian banks out of concern for violating U.S. sanctions against Russia, the Moscow Times reported, citing RBC. More FBI agents in Miami and New York searched various properties linked to blacklisted Russian oligarch Viktor Vekselberg, whose superyacht was seized in April, the Miami Herald reported. More Pras Michel, member of the hip-hop trio The Fugees, is set to stand trial in Washington, D.C.,...

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