On 19th November, KYC 360 reported an OCCRP/ORF investigation about a scheme reportedly made possible by Meinl Bank (now called Anglo Austrian AAB Bank AG), a venerable Austrian financial institution that has lost its licence. Ukraine, Latvia and Lithuania were affected. Authorities in 4 countries have confirmed criminal investigations of operations facilitated by Meinl, and the investigation by OCCRP and its partners found evidence that Meinl helped bankers in Ukraine, Lithuania and Latvia bypass regulations and bans, shifting vast amounts of money out of their banks just before their collapse.
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