The Disciplinary Committee at Nasdaq Stockholm on May 5 ordered Swedbank to pay a fine of twelve annual fees, equivalent of SEK 46.6 million (EUR…
Posts tagged as money laundering
Former private banker detained in ABLV case
Thursday, January 30, 2020A court has ordered the detention of Andris Ovsjaņņikovs, a former ABLV Bank private banker in connection a €50 million laundering case, reports Latvian Radio. On Thursday, January…
Group of six suspected of ABLV money laundering crimes
Wednesday, January 29, 2020Six persons are involved in the criminal case on laundering at least EUR 50 million, during which searches were conducted at ABLV Bank January 28, the…
Reforms in Latvia must result in stronger enforcement to tackle foreign bribery and subsequent money laundering risks
Wednesday, October 16, 2019Latvia has continued to improve its framework against bribery of foreign public officials and subsequent money laundering but the reforms need to translate into further…
Brussels assails EU states for money laundering failures
Thursday, July 25, 2019The EU said the bloc’s 28 member states held great responsibility for the wave of money-laundering scandals hitting the continent Wednesday, urging tighter and more…
Additional information to be asked for in Latvian prosecutor general’s evaluation
Friday, July 19, 2019Saeima deputies who initiated the investigation if there are reasons the justify dismissal of Prosecutor General Ēriks Kalnmeiers have been asked to clarify their request…
EU needs common anti-money laundering system
Thursday, February 21, 2019The euro area and the European Union need a common money laundering prevention system, Lithuanian Finance Minister Vilius Sapoka said on Wednesday following Swedish media…
Swedbank refrains from commenting information about its possible involvement in money laundering
Wednesday, February 20, 2019Citing confidentiality, AS Swedbank has decided to refrain from commenting on information reported by Swedish television regarding the bank’s involvement in money laundering, said the…
Latvian Police arrested EUR 121.3 mln worth of property connected to money laundering last year
Thursday, February 14, 2019According to information from the State Police, EUR 121.3 mln worth of property was arrested in connection with money laundering activities last year. In 2018,…
Latvian government decides not to position Latvia as regional financial services center
Tuesday, February 12, 2019The Cabinet of Ministers on Tuesday decided to cross out the decision on positioning Latvia as the regional financial service center from the Financial Sector…