What the FinCEN Files reveal about Latvia?
The leaked suspicious activity reports written by the US based banks to the country's financial crime investigators reveal that Latvia was considered a high-risk jurisdiction for years.
20 September 2020
Crime and Punishment. How Latvia Cleaned Up it’s Non-Resident Banks
FinCEN warns Latvia about the increased risk of Latvian banking sector being used for money laundering and expresses special concerns regarding two of 23 Latvian banks. U.S. financial institutions were prohibited from opening or maintaining correspondent accounts at one of them - VEF Bank.
Ukraine’s Powerful Who Shuffled Money Through Latvia
The FinCEN Files provide a glimpse of the Latvian banks used by the ousted Ukraine's president Yanukovych, his associates and adversaries.
The Unknown Bank Which Serviced One of the World’s Richest Men
On a sunny day in June 2007, a group of journalists gathered at the airport in Riga. They were hoping to catch a glimpse of Oleg Deripaska, at the time one of the richest men in Russia.