Money-laundering rules might not be as tough as expected

02/11/2013 | Wall Street Journal, The

The Treasury Department, which is set to strengthen money-laundering regulations in the next few weeks, has backed away from some of the strictest proposals but will likely still require banks to collect more information than they currently do. Regulators likely will ask banks to determine who profits from new corporate accounts but will not require them to independently verify that information.

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Wall Street Journal, The

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