Latvian PM's office says governor suspended pending bribery probe

Latvian PM's office says governor suspended pending bribery probe

Latvian PM's office says governor suspended pending bribery probe

On Tuesday, 20 February, in order to achieve cancellation of the imposed restrictions, ABLV Bank officials are presenting a new plan for the stabilisation of the bank's situation to the management of European Central Bank (ECB).

And the AP has reported that the chairman of local bank Norvik, Grigory Guselnikov, says Rimsevics had asked for bribes since 2015. "I have become the target of some Latvian commercial banks to destroy Latvia's reputation".

Despite the fact that ABLV is the largest non-resident banking institution in Latvia, it allegedly failed to implement adequate AML controls commensurate with the high risk of providing banking services to shell companies and illicit actors using such means to hide organized crime, corruption, and evade sanctions.

Ilmars Rimsevics, who was detained Saturday and released on bail two days later without charge, was defiant, dismissing the allegations against him as a smear campaign by commercial banks.

Latvia's ABLV Bank sought emergency support on Monday after US officials accused it of helping breach North Korean sanctions while the country's central bank chief faced bribery allegations, turning up the spotlight on its financial system. Latvia's secret services say Russia is actively trying to obtain state secrets from Latvian officials and is trying to influence the country, where a third of the population is ethnically Russian, to increase its sphere of power. He explained to the banker that all Latvian banks "co-operate" in this manner, Guselnikov says.

West Bromwich Albion stars apologise for 'taxi theft'
Pardew said on Friday the players involved had broken a midnight curfew, adding it was "unacceptable" and he "felt a bit let down".

Neither Norvik Bank nor Guselnikov immediately responded to requests from Reuters for comment.

Latvia is seeking to prevent Rimsevics, a member of the European Central Bank's Governing Council, from returning to his post after he was caught up in the bribery probe.

The confusing, rival claims of wrongdoing will deepen worries about the transparency of parts of Latvia's banking sector.

Kucinskis said he could not rule out that the bribery allegations against Rimsevics, no details of which have been given by enforcement authorities, were an attempt to damage Latvia's reputation. The bank denies the allegations.

In total, before the FCMC decision to set temporary payment restrictions on debit transactions of ABLV Bank's clients the amount of deposits decreased by approximately Euro 600 million. "ABLV facilitated transactions related to North Korea after the bank's summer 2017 announcement of a North Korea "No Tolerance" policy", the Treasury's Financial Crimes Enforcement Network wrote in a notice this month.

Related news