US FinCEN seeks sanctions against Latvia’s ABLV Bank

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a finding and notice of proposed rulemaking, pursuant to section 311 of the USA Patriot Act, to prohibit the opening or maintaining of a correspondent account in the US for, or on behalf of, Latvia’s ABLV Bank. FinCEN proposed this action on the basis that “ABLV…

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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