News

Latvia's anti-graft authority accused central bank chief Edgars Rimsevics of deceiving the U.S. Treasury Department about alleged money laundering at ABLV for personal revenge, leading to the lender's blacklisting by the United States and ultimate demise, bne IntelliNews reported, citing LTV and Leta. More South African regulators levied a $1 million penalty against HSBC for anti-money laundering failures, Reuters reported. More The U.K. Financial Conduct Authority has ended its criminal money-laundering investigation of Credit Suisse for allegedly participating in the $2 billion "tuna bond" scandal in Mozambique alongside Russian bank VTB, the Financial Times reported. More U.K. regulators plan to...