On November 7, the Latvian Cabinet of Ministers reviewed an informative report from the Ministry of Finance on the potential premises earmarked for the headquarters…
Posts tagged as laundering
Danske Bank estimates money laundering fines at €2.08 billion
Thursday, October 27, 2022Danske Bank predicts in its third-quarter report that the United States and Danish governments could fine the bank €2.08 billion for money laundering in Estonia.…
Financial authority: Luminor anti-money laundering regime needs tightening
Wednesday, August 25, 2021Anti-money laundering (AML) systems and internal rules at Estonian bank Luminor need improving, the financial supervisory authorities of all three Baltic States have found. Estonia’s…
Denmark prosecutor drops all former Danske CEO money laundering charges
Saturday, May 1, 2021Danish prosecutors have dropped all money laundering charges against former Danske Bank CEO Thomas Borgen. Borgen headed up the bank at a time when one…
Lithuania ‘cooperating’ with Denmark in Danske Bank money laundering investigation
Friday, September 25, 2020Lithuania’s central bank says it is cooperating with Danish law enforcement in investigation into potential money laundering at Danske Bank’s operations in the country. “We…
Comprehensive approach is necessary to fight money laundering in EU
Thursday, July 9, 2020The European Commission has made a clear commitment to deliver a comprehensive approach to fighting money laundering and terrorism financing, to better protect the European…
Latvia uncovers alleged international plastic granule money laundering scheme
Thursday, April 9, 2020Criminal proceedings have been brought against a group of persons who are accused of attempting to legalize more than seven million euros of illicit funds…
Report: Swedbank Latvia “actively pursued high-risk customers”
Monday, March 23, 2020Swedbank, the largest retail bank in the Baltic states, has published a report by law firm Clifford Chance, which the bank hired in February 2019 to conduct…
Five detained over laundering more than €627,000
Tuesday, March 19, 2019Latvia’s State Police have detained five people over possibly laundering more than €627,000, with four kept behind bars during investigation, the police said March 18.…
Latvia links to massive new money-laundering investigation
Tuesday, March 5, 2019A new report by the Organized Crime and Corruption Reporting Project (OCCRP) lays bare yet another multi-million dollar money laundering operation involving Russian money. Dubbed…