26th July 2016
Latvijas Pasta Banka is the latest commercial bank in Latvia to be penalized for failing to comply with anti-money laundering and counter-terrorism financing legislation, the national banking regulator informed Monday. The regulator, the Financial and Capital Market Commission, slapped a fine of 305,000 euros (335,271 U.S. dollars) on the bank,… Read More
17th June 2016
Documents leaked to the Organized Crime and Corruption Reporting Project (OCCRP) from Latvian banks appear to offer instructions to clients on how to use fake offshore companies associated with the bank to launder money or evade taxes. Read More
2nd June 2016
Penalties for banks and their employees violating anti-money laundering regulations will become tougher in Latvia under amendments to the Credit Institution Law passed by Saeima on June 2nd, informs LETA. Read More
4th March 2016
A Latvian lender linked to a string of money-laundering probes was closed by the European Central Bank. Read More
26th January 2016
Banks in the Baltic state are suspected of laundering billions in ill-gotten gains from Russia and Moldova. Read More