OFAC enters Settlement Agreement with Swedbank Latvia for $3,430,900 related to apparent violations of Crimea Sanctions

Swedbank Latvia has agreed to remit $3,430,900 to settle its potential civil liability for 386 apparent violations of OFAC’s Crimea sanctions. Throughout 2015 and 2016, a customer of Swedbank Latvia used Swedbank Latvia’s e-banking platform from an internet protocol address…