Several former high-ranking ABLV Bank employees charged with laundering EUR 2.1 billion
2022-07-21 LETA/TBT Staff
RIGA - The prosecutor's office has handed over to a court a criminal case in which several former high-ranking ABLV Bank employees are accused of laundering a total of EUR 2.1 billion, LETA learned on Thursday.
In the criminal case, a total of eight persons are accused of working together to launder large amounts of money, the prosecutor's office informed LETA.
https://www.baltictimes.com/several_for … 1_billion/
Related:
"The indictment follows OCCRP’s reporting on money laundering via IOS and Latvian banks such as ABLV, starting in 2012, in connection with the “The Proxy Platform” and “Troika Laundromat” projects.
OCCRP also investigated ABLV in the ‘Pandora Papers’. Other money laundering episodes involving ABLV investigated by OCCRP include ‘Grand Theft Moldova’ and Ukrainian gas fraudster Serhii Kurchenko, the latter also mentioned in the indictment, according to Kas notiek Latvijā."
https://www.occrp.org/en/daily/16627-la … -2-1b-euro
And the fun part:
EU to bypass banking agency with new dirty-money watchdog
Draft Commission plans admit Paris-based regulator has failed to tackle money laundering.
"The Commission also made little effort to hide its dismay after EBA board members decided against punishing Denmark and Estonia for failing to spot huge amounts of suspicious funds flowing through one of Scandinavia’s largest banks. It was instead Danske Bank that owned up to its own failings, publishing a report that revealed 6,000 “non-resident” clients had funneled some €200 billion through its Estonian branch between 2007 and 2015.
A probe by the EU’s audit watchdog found that countries had lobbied EBA board members to influence its investigation into Denmark’s and Estonia’s handling of the Danske scandal."
https://www.politico.eu/article/eu-stri … hdog-amla/