Keyword Search: Us treasury (loose results)
1 Article
Source: DW

Latvia's financial sector rocked by US probe and bribery charge

Tuesday 14:32 GMT

Latvia’s third biggest bank has sought emergency financial support after US officials accused it of helping breach North Korean sanctions — hours after the central bank governor was arrested over bribery allegations.

The support to be paid out through Latvia's central bank became necessary after the US Treasury's Financial Crimes Enforcement Network (FCEN) said it had launched a probe investigating whether ABLV executives and management had bribed Latvian officials to cover up their activities.

1 Article
Source: DW

Latvia scrambles to limit bank scandal fallout

Friday 08:06 GMT

A Latvian bank is accused of funneling billions to North Korea while the country's top bank official is alleged to have taken bribes.

Last week, the US Treasury's Financial Crimes Enforcement Network (FinCEN) put out a sharply worded announcement that Latvia's third-largest bank, ABLV, had "institutionalized money laundering as a pillar of the bank's business practices," helping "corrupt politically exposed persons" funnel billions of dollars to North Korea's ballistic missile program.

2 Articles
Source: BBC

Who are Russia's shadowy mercenaries fighting in Syria?

Today 05:12 GMT

Russian mercenaries are reported to be in the thick of the fighting in Syria, helping President Bashar al-Assad's forces.

Russia's official military deployment in Syria began in September 2015; it has mostly taken the form of air strikes, sometimes hitting civilian areas hard. The GRU secretly oversees Wagner, according to security sources quoted by Russian RBC news.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte