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Eurozone member Latvia is scrambling to reform its banking sector after U.S. authorities accused its third largest lender of large-scale money laundering with connections to North Korea's nuclear weapons development program.The U.S. allegations against ABLV Bank were a rude wake-up call that has stirred the nation's authorities into curbing the practices which landed the bank, Latvia's third largest despite having few local clients, in trouble, and prompted its liquidation in February.Latvian bank depositors own more than 26,000 of them according to Peteris Putnins, head of Latvia's Financial and Capital Markets Commission.
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