Latvia Bank Regulator Finds No Violation in Uzbek Mobile Funds
This article is for subscribers only.
Latvia’s bank regulator found no violations in the transfer of funds by a TeliaSonera AB venture to an account at Parex Banka AS, which involved an Uzbek mobile license and sparked a Swedish bribery inquiry.
When the transfer took place, Parex was “at that moment fulfilling the requirements” banks then had to meet, said Kristaps Zakulis, the director of the Financial Capital Markets Commission, in an interview.