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The U.S. Treasury Department's Office of Foreign Assets Control, also known as OFAC, designated 50 individuals and entities in Hong Kong, the United Arab Emirates and other jurisdictions for allegedly acting as a shadow banking network for Iran's military, Al Jazeera reported. More The U.K. Financial Conduct Authority launched only 11 investigations last year into British companies suspected of compliance-related violations as the agency moved towards a new enforcement strategy that entails a more "streamlined caseload," ACAMS moneylaundering.com reported. More The European Public Prosecutor's Office launched a corruption investigation into Werner Hoyer, former president of the European Investment Bank, Politico reported....