NEW YORK, June 24 -- Hughes Hubbard and Reed, a law firm, issued the following news:

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Jeremy Paner Explains What Recent US Terrorism Designations Mean for Brazilian Banks

Terrorism designations force banks to strengthen their compliance programs.

Highlights

* Brazilian banks are seeking guidance after U.S. terrorism designations of major crime groups.

* Bankers fear U.S. actions similar to last year's targeti . . .

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