Global Investigations Review - The law and practice of international investigations

Latvia slaps Signet Bank over money laundering failures

By Will Barbieri

16 July 2020

Latvia slaps Signet Bank over money laundering failures Riga skyline, Latvia (Credit: Shutterstock: Olesya Kuznetsova)

Latvia’s financial regulator has handed a €906,610 fine to a self-proclaimed “prosperity club for high-net-worth individuals” over breaches of the countries anti-money laundering and counter terrorism financing rules.