Transparency International Latvia: “CONNECTIONS: Money Laundering in Latvia and the role of trust and company service providers”

These have been labelled “laundromats” by investigative journalists across the world. In recent years, laundromats have been exposed involving Russia, Moldova and most recently Azerbaijan, with illicit funds totalling up to €90 billion from just these countries.

Case study – The Great Moldovan Bank Robbery: how UK shell companies with Latvian bank accounts allowed the ‘biggest theft of the century’

Report is here: Money Laundering in Latvia 

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