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The European Banking Authority, or EBA, proposed Thursday to give financial services companies in the EU until 2032 to comply with new, bloc-wide due-diligence requirements when handling clients who do not immediately carry a high risk of illicit finance. Under a regulation adopted last year to harmonize anti-money laundering obligations across the EU, banks and other AML-regulated companies throughout the bloc will have to obtain a broader set of details from new and existing clients that most of them do not currently collect, such as their birthplaces and whether they hold dual citizenship. AML-regulated companies would still have to obtain...