RECENT NEWS
Financial Times  Apr 4  Comment 
Forced liquidation of ABLV is a humiliation for both the Baltic country and European authorities
Financial Times  Mar 21  Comment 
Concerns go beyond conduct of specific lenders in system where laundering seen as rife
Financial Times  Mar 18  Comment 
Overhaul promised after US takes action over North Korea sanction breaches
Forbes  Mar 16  Comment 
Today, Latvia’s ABLV Bank—its third largest, and largest private bank—announced that it had received approval from the Council of Financial and Capital Market Commission (FCMC) to liquidate, and that the Bank was proceeding with the process...
Channel News Asia  Mar 16  Comment 
Latvia launched just 85 money-laundering investigations in 2017 even though its banks flagged 17,900 suspect transactions, data seen by Reuters shows, highlighting the challenge the Baltic state faces in repairing its tarnished reputation.
Financial Times  Mar 8  Comment 
Washington sustains pressure despite enforced liquidation of third-largest lender
Financial Times  Feb 25  Comment 
ABLV had faced allegations from US of helping fund North Korea’s missile programme
Channel News Asia  Feb 24  Comment 
Latvia's ABLV Bank is failing or likely to fail and will be wound up as saving it is not in the public interest, the European Union's Single Resolution Board and the European Central Bank (ECB) said separately on Saturday.
Financial Times  Feb 23  Comment 
The eurozone member state has been hit hard by bribery and money laundering allegations that have raised questions about overseas money
Reuters  Feb 23  Comment 
Latvia's central bank provided an emergency loan to troubled lender ABLV on Friday, offering it a potential lifeline as a European Central Bank deadline approaches for the bank to present a credible survival plan.




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