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The difficulty lay in documenting the mixing of such funds.
Russia, Colombia, and Nigeria, he says, are among the biggest sources of such funds.
Over time, they say, that reduces returns for investors who build a portfolio of such funds.
The law restricts the use of such funds to so-called party-building activities.
(Until now, managers of such funds have not handled funds for individuals, Mr. Kidd said).
State Street, based in Boston, is one of the largest managers of such funds.
Bankia said it does not comment on the performance of such funds.
Imperial legislation controlled the disposition of such funds so that they could not be used illegally.
Clearly, the designation of such funds for this remains solely within the province of the county executive.
Political contributions were made with the money "in a manner designed to conceal the true source of such funds and to circumvent state and federal laws governing the limitations and contribution of such funds".
In 2013 banks drew £40 billion ($67 billion) of such funds; but net lending to British small firms fell.
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