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Monday 27.01.2020 | Name days: Ildze, Ilze, Izolde

Latvia is doing everything to avoid getting grey-listed, says Kazāks

Latvia is doing all it can to avoid a possible negative scenario, when Financial Action Task Force may include Latvia on a list of countries found to have strategic problems with money laundering and terrorism financing prevention, otherwise known as the grey list, LETA was told by Bank of Latvia governor Mārtiņš Kazāks.

SEB share price heavily affected by suspected money laundering in Baltics

Swedish banking giant SEB AB has seen its stock value sinking by 15% as it awaits a programme by the Swedish public broadcaster over suspected money laundering in the Baltics, where the name of the bank would also appear, Bloomberg reports.

State Security Service detains three persons for illegal arms supply to African countries

Latvia’s State Security Service has detained three persons for illegal supplies of arms to African countries under EU and UN sanctions, as mentioned in VDD’s report.

Criminal process launched against Russian citizen for possible laundering of EUR 2.3 million

Latvia’s State Revenue Service has commenced a criminal process for possible laundering of EUR 2.3 million of illegally obtained funds by some Russian citizen, as confirmed by VID.

OECD: Bribery prevention results in Latvia disproportionate to cross-border risks

Latvia’s results in fighting bribery are still disproportionate with the risks of cross-border bribery and money laundering the country is subjected to, says the Working Group on Bribery of the Organisation for Economic Co-operation and Development.

PM Kariņš recommends spending confiscated EUR 29 mln as single investment

Latvian Prime Minister Krišjānis Kariņš has recommended the 29 million euros confiscated by the Riga Regional Court for being criminally-acquired to be spent on a one-off investment, according to an interview to LNT programme 900 sekundes.

Latvian budget to receive 20 million euros ruled to be criminally acquired

The Riga Regional Court has ruled that arrested 29 million euros have been acquired illegally and that they have to be transferred from a bank to the Latvian state budget, announced the Latvian Office of the Prosecutor General.

Danske Estonia had quantity of non-resident transactions as only criterion, suspect banker says

In non-resident operations of Danske Bank’s scandalous Estonian branch, the only criterion in the investigated period was their number due to profitability, according to former worker Mihhail Murnikov’s interview with Bloomberg.

Swedbank: Estonian branch needs to investigate money laundering scandal

Chairman of Swedish Swedbank council Göran Persson stressed during his visit to Estonia that the bank needs to determine the reasons behind problems so that it is possible to leave the scandal with money laundering and the stain on the bank’s reputation in the past.


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