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AML RightSource acquires London-based Arachnys Information Systems


AML RightSource acquires London-based Arachnys Information Systems
Contributed photo
AML RightSource, backed by private equity firm Gridiron Capital, has acquired Arachnys Information Services Limited of London, marking the Cleveland-based firm s first expansion outside of North America.
Financial terms of the deal, which closed March 3, were not disclosed.
Here s how AML, which specializes in outsourced anti-money-laundering services and consulting, describes its rollup:
Arachnys, an innovative RegTech platform based in the United Kingdom, provides enriched, intelligent (know-your-customer) and (anti-money-laundering) data and software solutions to accelerate customer onboarding and monitoring for financial institutions and other high-risk industries. Its platform and suite of APIs support KYC and onboarding, AML and investigations, Enhanced Due Diligence ( EDD ), adverse media monitoring, Third-Party Due Diligence ( 3PDD ), and other critical anti-financial ....

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Utah Inland Port 'infrastructure bank' bill sails through Senate


Utah Inland Port ‘infrastructure bank’ bill sails through Senate
Katie McKellar
© Steve Griffin, Deseret News
Area at I-80 near 7200 South where the Utah Inland Port is planned to be built in Salt Lake City Jan. 27, 2020. The Utah Senate voted 23-5 to approve SB243, which would create “infrastructure banks,” a new mechanism to stash state money to be used as loans for future Utah Inland Port Authority projects.
SALT LAKE CITY A bill to create a funding mechanism for low-interest loans for Utah Inland Port Authority projects on and off the Wasatch Front swiftly cleared another legislative hurdle Tuesday.
The state Senate voted 23-5 to approve SB243, which would create “infrastructure banks,” a new mechanism to stash state money to be used as loans for future Utah Inland Port Authority projects, including projects in rural areas. It now goes to the House. ....

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Utah egg farms push rules to free hens from cages, avert possible tighter regulations


SALT LAKE CITY In an effort to head off potentially more restrictive measures, Utah egg-producers have been working with legislators on a bill mandating a cage-free environment for hens by 2025.
Without egg farmers being a part of this conversation, policy would have been written into law that would not be aligned with our production standards and animal husbandry principles, and placed on a timeline to compliance that would be both physically and financially unattainable as a family farm and as an industry, Jeremy Rigtrup, owner and operator of Rigtrup Egg Farm, said.
The driving factor for SB147, sponsored by Sen. Scott Sandall, R-Tremonton, is to provide commercial egg producers with time before a ballot referendum mandating stricter rules could get filed in Utah as has happened in other states, he said. ....

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On the Hill: Paris testifies; talk of police reform, air quality, Dixie


Deseret News
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Scott G Winterton, Deseret News
SALT LAKE CITY With the Utah Legislature marking the midpoint of its annual 45-day session, the issue of regulating centers for troubled teens got a high-profile boost when celebrity Paris Hilton testified on Capitol Hill about her time spent in such a facility in Provo.
Sitting in front of a panel of Utah lawmakers on Monday, Hilton said she’s had the same nightmare for the past 20 years in which she’s “kidnapped in the middle of the night by two strangers, strip searched and locked in a facility.”
Hilton and other “survivors of the troubled-teen industry” gave chilling testimony in front of the Senate Judiciary, Law Enforcement and Criminal Justice Committee in support of SB127, sponsored by Sen. Mike McKell, R-Spanish Fork. The bill would require treatment centers to document instances of physical restraints and involuntary confinement and submit monthly reports to the Utah Office of ....

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