Money Laundering Bulletin

Timon Molloy

Document

Latvia fines Reģionālā investīciju banka €473,076 over source of funds checks

Reģionālā investīciju banka is to pay €473,076 to Latvia’s Financial and Capital Market Commission (FCMC) after an onsite inspection discovered “irregularities in detecting the source of funds” behind large cash transactions by “high risk clients from high risk jurisdictions”.

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