Latvia's Baltic International fined EUR1.6 million for weak laundering controls
( December 6, 2019, 17:30 GMT | Official Statement) -- MLex Summary: Baltic International Bank has been fined 1.6 million euros in Latvia for weak money-laundering controls. The fine, 9 percent of its annual turnover, is accompanied by an obligation to hold an audit and remedy internal failings.Statement follows....
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