Latvian banks may be cut off from USD transactions

Latvian banks may be cut off from USD transactions because of suspicions of money laundering.

Now there is a tendency of closure of correspondent USD accounts in partner banks of the country, noted the new chairman of the Latvian financial regulator – The Financial and Capital Market Commission – Peters Putninysh.

«We need to create the comfort for them. It is a matter of national interest because it can not be that the country of EU and the Eurozone remained without the possibility to execute directly the clearing on the dollar transactions.», – noted Putninysh.

According to experts, Latvia will be able to conduct USD transactions in other ways, however, the blow to the country's reputation will be irreparable.