LATVIAN BANK FINED €2 MILLION FOR ‘SERIOUS’ AML/CFT BREACHES

KYC 360 on 25th October reported that the Financial and Capital Market Commission (FCMC) of Latvia has fined JSC ‘LPB’ Bank €2.2 million for breaching AML/CFT rules, after it uncovered a number of significant deficiencies.

https://kyc360.com/news/latvian-bank-fined-e2-million-for-serious-anti-money-laundering-terror-funding-breaches/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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