ECB orders halt in payments by Latvian bank ABLV
Accusations of money laundering breaching sanctions North Korea
19 February, 13:42The ECB said Monday that the Financial and Capital Markets Commission of Latvia has imposed "a prohibition of all payments by ABLV Bank on its financial liabilities" until further notice.
The ECB noted that ABLV has seen a sharp deterioration of its financial position. ABLV is Latvia's third largest bank by assets. (ANSA).