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Stolen personal information was then used to open accounts as part of the alleged laundering scheme, prosecutors said.

It applies only to large issuers that have more than one million open accounts, but the agency estimates that the rule will cover 95 percent of outstanding credit card balances.

According to the lawsuit, Smith saw a social media advertisement from Roblox in 2021 that “indicated Roblox was a gaming platform for children,” so she let her daughter open accounts for herself and her brother.

Russia's dominant lender on Wednesday said individuals could now open accounts in Indian rupees, expanding the range of foreign currencies available as Moscow strives to reduce dependency on the U.S. dollar and euro.

Russia's dominant lender on Wednesday said individuals could now open accounts in Indian rupees, expanding the range of foreign currencies available as Moscow strives to reduce dependency on the U.S. dollar and euro.