The US has warned Latvia that its banks are still involved in money laundering despite the enforced liquidation of the country’s third-largest lender following similar allegations, according to the Baltic state’s finance minister.
Dana Reizniece-Ozola met Marshall Billingsea, the US assistant secretary for terrorist financing, in Riga on Thursday to discuss American concern and Latvia’s attempted clean-up.
“We are being told that banks are still used to transfer funds associated with persons, companies or countries on which sanctions have been imposed . . . It was made clear during the meeting that problems still exist in the financial sector,” Ms Reizniece-Ozola said after the meeting, according to state broadcaster LSM.
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