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Interview: Latvia PM pledges tighter bank controls to defuse U.S. standoff

Reuters  |  RIGA 

By John O'Donnell and Gederts GelzisRIGA (Reuters) - Latvia will invest more in monitoring banks as it overhauls financial controls, Prime Minister Maris Kucinskis told Reuters, after the United States accused one of its biggest banks of money-laundering and breaching sanctions on North Korea. He said a levy on financial transactions by shell companies, which often disguise account holders, was one of many options discussed by ministers this week. Their widespread use and the presence of more than 10 banks that take deposits from customers in Russia and other fellow ex-Soviet states has led ...

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First Published: Thu, March 08 2018. 16:34 IST