U.S. targets Latvian bank for dealing with sanctioned North Korean entities | NK News

U.S. targets Latvian bank for dealing with sanctioned North Korean entities

ABLV Bank accused of facilitating payments on behalf of DPRK arms dealers, financial institutions

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced on Tuesday that it is proposing the designation of a Latvian bank which dealt with North Korea as primary money laundering concern. The issuance of a notice of proposed rulemaking (NPRM) follows FinCEN’s findings that ABLV Bank – based in Riga, Latvia –

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