Europe's biggest financial institutions are largely prepared to comply with newly proposed amendments to the EU's anti-money laundering directive, compliance officers and banking attorneys say. If adopted, the proposed Fourth Anti-Money Laundering Directive will require banks to obtain and verify beneficial ownership data and apply enhanced due diligence on domestic politically exposed persons (PEPs) and certain correspondent accounts. The EU Commission, which proposed the amendments Tuesday, expects the plan to be adopted within the next two years. Several large European banks have already taken the steps outlined by the commission's proposal, in part because they tweaked their anti-money laundering (AML)...