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Comment: Banks exposed by FinCEN Files should worry less about regulators, more about lawsuits

By Martin Coyle ( September 25, 2020, 14:13 GMT | Comment) -- There have been loud calls this week for tough action against international banks exposed as failing for years to block the transactions of suspected money launderers. Last Sunday’s leak of thousands of filings by lenders to US regulator FinCEN painted a bleak picture of enforcement, but regulators will find it hard to take action. That doesn’t mean, though, that the banks could be off the hook entirely, as investors and litigation specialists could be expected to weigh in.There have been loud calls this week for tough action against international banks exposed as failing for years to block the transactions of suspected money launderers. Last Sunday’s leak of thousands of filings by lenders to US regulator FinCEN painted a bleak picture of enforcement. ...

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