FinCEN Names Latvian Bank as Money Laundering Concern

Feb 14, 2018
The Financial Crimes Enforcement Network issued a finding and notice of proposed rulemaking to prohibit the opening or maintaining of a correspondent account in the United States for, or on behalf of, ABLV Bank.

FinCEN said the Latvian bank has institutionalized money laundering as a pillar of its business practices.

Read the FinCEN Notice