Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Latvian money-laundering prosecution
Latvian prosecutors charged Bernis, Reinfelds, and others over alleged money laundering involving shell companies and corporate-service structures. The charges were allegations and do not by themselves establish criminal liability.
2018
FinCEN money-laundering and sanctions-risk allegations
FinCEN alleged that ABLV presented a primary money-laundering concern and cited alleged facilitation of illicit transactions, including activity involving North Korea and sanctions or currency-control evasion. The action was followed by regulatory restrictions, liquidity pressure, and liquidation; the European Central Bank subsequently withdrew the bank's authorisation.
2018
Money Laundering Concerns and Bank License Revocation
The U.S. Financial Crimes Enforcement Network named ABLV Bank as a primary money laundering concern and proposed measures to restrict its access to the financial system; the European Central Bank subsequently revoked its banking license, and the bank entered liquidation.
2016
Alleged Karimova-related transactions
The U.S. Department of Justice alleged that funds connected with the Gulnara Karimova corruption case had passed through ABLV and another Latvian bank to companies linked to Uzbek telecommunications operators. The allegation formed part of broader scrutiny of the bank's cross-border transactions.