Paulson proposes anti-money-laundering plan

06/21/2007 | Wall Street Journal, The

Small banks are expected to benefit when Treasury Secretary Henry Paulson proposes a risk-based anti-money-laundering framework that addresses complaints that small banks are overwhelmed with paperwork and legal requirements in order to comply with the same procedures big banks must use to protect against money laundering and terror financing. The plan is expected to be unveiled Friday.

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