ABLV Bank lawyers in reply to FinCEN ask to recall its proposal on sanctions against bank

  • 2018-04-27
  • TBT/LETA Staff
Lawyers of Latvia’s ABLV Bank, whose shareholders have decided to start voluntary liquidation of the bank, call on the Financial Crimes Enforcement Network (FinCEN) of the U. S. Department of Treasury in regards to its statement in February about planned sanctions towards the bank, to recall its proposal. The bank’s lawyers say that FinCEN had made "exaggerated accusations" against the bank, and in most cases provided too general statements or did not ensure evidence of money laundering and bribery. FinCEN has ignored ABLV Bank’s performance in...
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