The U.S. Treasury Department on Tuesday accused one of Latvia’s largest banks of having knowingly helped corrupt officials, arms traffickers and other criminals move profits through accounts held by foreign clients and anonymous shell companies.
Latvia's financial intelligence unit, or FIU, has frozen tens of millions of euros belonging to clients of ABLV Bank, which collapsed last year after U.S. officials accused the lender of acting as a conduit for illicit finance, the agency's chief told ACAMS moneylaundering.com.
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