Latvia Secures U.S. Help to Clean Up Its Scandal-Tainted Banks

Latvia’s financial investigators will receive more U.S. help as the Baltic nation races to emerge from a money-laundering scandal that toppled its third-largest lender.

Finance Minister Dana Reizniece-Ozola has agreed technical assistance from the U.S. Treasury Department for the country’s financial intelligence unit following her meetings with U.S. officials in Washington. She doesn’t expect other Latvian institutions to follow the fate of ABLV Bank AS, which the U.S. Treasury proposed barring from the American financial system in February, and was forced into liquidation by European authorities.