February 22, 2018 / 10:52 AM / 4 months ago

U.S. official underlines concerns on money laundering in Latvia

FRANKFURT (Reuters) - The United States is concerned about money laundering which affects Latvia, a U.S. official said on Thursday, adding that it was working closely with the country on the issue.

U.S. Deputy Secretary of State John J. Sullivan listens to the media during a news conference in Riga, Latvia February 22, 2018. REUTERS/Ints Kalnins

“Money laundering is a concern to the United States as it affects a NATO ally in Latvia,” Deputy Secretary of State John J. Sullivan told journalists in Riga.

“It’s a sanction that indicates the seriousness with which the United States takes money laundering, particularly money laundering as described in the FinCEN report,” he said of a recent U.S. Treasury announcement demanding restrictions on Latvian bank ABLV.

Reporting By Gederts Gelzis; writing by John O'Donnell; Editing by Balazs Koranyi

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below