Group suspected of ABLV money laundering crimes

Four people have been detained and a further four are also believed involved in the criminal case on laundering at least EUR 50 million, during which searches were conducted at ABLV Bank January 28 LSM’s Latvian language service reported January 29.

Currently, there are a total of eight people with rights of defense, including bank employees,” Majevska said.

He did not disclose his name to journalists, but prosecutor Dainis Šteinbergs confirmed to LTV that he was not an employee of ABLV Bank.

Meanwhile, Janis Bunte, Head of ABLV Bank’s Communication Department, stressed that the bank was giving full cooperation to law enforcement agencies.

Asked to comment on how this could affect the international assessment of Latvia’s financial system, Chief Financial Intelligence Officer Ilze Znotiņa said the case would not have any impact on the Moneyval report, as all processes have already been completed and the Moneyval report has been published, as  previously reported by LSM  .


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