All Latvia articles

  • SEB
    Article

    Following $107M fine for lax controls, SEB shares AML efforts

    2020-06-26T16:52:00Z

    Sweden’s financial watchdog was fined SEB $107 million for weak governance practices related to the bank’s anti-money laundering controls in its Baltics subsidiaries.

  • Blog post

    What has Latvia wrought?

    2018-02-26T14:45:00Z

    U.S. banking regulators have long understood the connection between bribery, corruption, money laundering. and security. It will be interesting to see if the ECB and European countries are willing to become as aggressive as their U.S. counter-parts in fighting the global scourge of money laundering.

  • Blog post

    ABLV Bank chief compliance officer quits amid money laundering probe

    2018-02-23T11:30:00Z

    ABLV Bank announced the resignation of its chief compliance officer, Aleksandrs Paže, at a time when the bank finds itself in hot water for alleged money laundering practices.