NEWS BRIEFS / Banks

Latvian bank ABLV case – ECB points out that it has no powers of investigation into suspected money laundering

22/02/2018 (Agence Europe) – Since the announcement, earlier this week, of its decision to freeze payments of the Latvian bank ABLV, which is suspected of money laundering (see EUROPE 11964), there has been radio silence from the European Central Bank. In a press release on Thursday 22 February, the chair of the Supervisory Board of the monetary institution, Danièle Nouy, reiterated that tackling money-laundering is the responsibility of the member states. “Breaches of anti-money...