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Weekly Roundup: Republicans Propose Smaller FinCEN Budget, Austrian Bank Maintains Russia Ties, and More

A Republican spending plan introduced in the House Appropriations Committee proposes a fiscal year 2024 budget of $166 million for the Financial Crimes Enforcement, $24 million less than the bureau's current budget and $63 million less than what the White House requested. More Austria's Raiffeisen Bank, which continues doing business in Russia despite EU sanctions, will soon stop euro-dominated bank transfers to Jordan, the United Arab Emirates, Belarus and various other former Soviet republics in line with "restrictions imposed by correspondent banks," the Moscow Times reported. More Germany, the U.S. and several other Western nations are lobbying the Financial Action Task Force, or FATF, to remove the United...

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