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ECB Blocks Payments By Latvian Bank Probed By US Treasury

By Paige Long (February 19, 2018, 11:16 AM GMT) -- The European Central Bank intervened on Monday to halt all payments by one of Latvia's largest banks, following a "sharp deterioration" in its financial position after the U.S. Department of Treasury said it had allowed clients to launder money and is seeking sanctions against the bank....

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