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RBS chief Matthewson criticises UK AML regulations in speech

London -- Large banks in the UK expressed serious dissatisfaction with the way the Financial Supervisory Agency (FSA) has regulated anti-money laundering efforts at financial institutions during an early December conference hosted by the British Bankers Association (BBA) in London.

George Matthewson, president of the BBA and chairman of the Royal Bank of Scotland, called for a "more risk-based and

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