In a press release published on Thursday, the investment group stressed its hope of completing the transaction as quickly as possible. Before the purchase is completed, the Surveillance Commission of the Financial Sector (CSSF) must approve the transaction.
There was a total of 25 people employed by the ABLV's Luxembourgish branch. In 2018, the bank declared voluntary liquidation following accusations of money laundering.
The money laundering accusation was submitted by the United States, rather than by CSSF or the European Central Bank's Single Supervisory Mechanism, neither of which noticed the discrepancies.
