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Midweek Roundup: EU Suspends Myanmar Sanctions, U.S. Seizes Wegelin’s $16 Million in ‘Laundered’ Funds, and More
printThe European Union Monday suspended most of its sanctions against Myanmar following governmental reforms, including the release of political prisoners. More While the move followed a relaxation of some U.S. restrictions, the United States is unlikely to end all economic measures against the country anytime soon, sources told the Los Angeles Times. More The EU separately extended its sanctions against Syria Tuesday, blocking the sale of luxury goods, among other measures. More A New York court ordered Wegelin & Co. to forfeit over $16 million Tuesday to resolve allegations that the institution, along with two other Swiss banks, "laundered" funds...
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