EU's Moscovici: no comment on Latvia bank, c.banker, EU always condemns money laundering

By Kitco News / February 19, 2018 / www.kitco.com / Article Link

BRUSSELS, Feb 19 (Reuters) - European Commissioner for Economic and Financial Affairs Pierre Moscovici said he had no comment specifically on the accusations of money laundering against Latvia's ABLV Bank but said that in general the EU always condemned money laundering.

Asked to comment on the detention of the Latvia's central bank governor by police and the European Central Banks decision stop all payments by ABLV Bank, Latvia's third biggest lender, on facing accusations of money laundering, Moscovici said:

"No comment to make about that," he said on entering monthly talks of euro zone finance ministers in Brussels.

"Of course we condemn everything that looks like money laundering or tax evasion especially when who could have done that have important functions," he said.


(Reporting By Jan Strupczewski and Francesco Guarascio)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok