Money Laundering Bulletin
JSC “BlueOrange Bank” fined €1.2 million in Latvia for SARs failings
JSC “BlueOrange Bank”, ranked eighth largest in Latvia by assets, has reached a settlement with the country's Financial and
Capital Market Commission (FCMC), under which it will pay €1,246,798 for breaches of the Law on the Prevention of Money Laundering
and Terrorism Financing. [1]