Ilmars Rimsevics, central bank governor for Latvia, faced eight hours of questioning by Latvia's anti-corruption agency Feb. 17 in connection with allegations of money laundering at ABLV Bank AS, the Financial Times and other media outlets reported Feb. 18.

The Financial Crimes Enforcement Network of the U.S. Treasury on Feb. 13 said it found ABLV Bank management permitted the bank and its employees to engage in money laundering schemes and other illicit activity. That made the bank a target for actors involved in organized crime, weapons proliferation, corruption and sanctions evasion, including those linked to North Korea's ballistic missile program.

According to the report, Rimsevics has been governor of the Bank of Latvia for 16 years and is a member of the European Central Bank's governing council. There will be an emergency cabinet meeting Feb. 19 to discuss the money laundering investigation, the paper reported.