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As Germany moves forward with plans to streamline account openings for hundreds of thousands of refugees, criminals are taking steps to exploit the process, a financial crime expert said Wednesday. Last month, German regulatory agency Bafin informed banks that they could accept paperwork issued by the country's customs agency in lieu of standard identification documents when opening new accounts for asylum seekers, according to a letter reviewed by newspaper Handelsblatt. The paperwork need only be on formal letterhead and include the stamp and signature of a German official and a photograph of the applicant, the newspaper reported. Bafin revised the...