Latvia’s BlueOrange Bank Fined For Anti-Money-Laundering Violations
Financial and Capital Market Commission (FCMC), Latvia’s financial market supervisory quthority fined BlueOrange Bank 1.2 million euros for violating anti-money laundering and terrorism financing rules. BlueOrange Bank, the country’s eighth largest bank by assets, will pay the fine but said it did have sufficient documentation on customers’ transactions. The regulator said the rule breaches related …
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