EU Court rejects Latvian bank’s SRF repayment request
ABLV's shareholders announce the bank's liquidation proceedings in February 2018 (Credit: Gints Ivuskans on shutterstock)
Latvian bank ABLV, whose licence was withdrawn in 2018 after US regulators designated it “of primary money laundering concern” over transactions allegedly linked to North Korea’s weapons programme, has lost its fight for its Single Resolution Fund contributions for that year to be repaid.
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