Latvia's Banking Sector Rocked by U.S. Probe

Latvia's Banking Sector Rocked by U.S. Probe
flickr - Alex DROP

RIGA (Reuters) - One of Latvia biggest banks was forced to seek emergency help on Monday after it was destabilized by money laundering allegations, hours after the separate detention of the central bank governor on suspicion of soliciting bribes.

The financial sector in Latvia, a small euro zone state that shares a border with Russia, has come under wider scrutiny for being a conduit for illicit financial activities.

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