Major Baltic bank told to improve AML controls after rigorous inspection by all three national supervisors - AML Intelligence
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Major Baltic bank told to improve AML controls after rigorous inspection by all three national supervisors

By Dan Byrne for AMLi

One of the largest banks in the Baltics has been singled out for weak AML defences by all three of the region’s national financial crime watchdogs.

The supervisory authorities from Estonia (Finantsinspektsioon), Latvia (Financial and Capital Market Commission) and Lithuania (Lietuvos bankas) have united in their criticism of Luminor bank – headquartered in Tallinn with a heavy presence in all three nations.

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