LATVIA: POLICE RAIDS CONNECTED WITH POSSIBLE LAUNDERING OF SEVERAL HUNDREDS OF MILLIONS OF EUROS THROUGH ABLV BANK

 

On 14 June, LETA reported that the 45 raids carried out by the State Police are related to suspicions of the laundering of several hundred million euros through ABLV Bank.  The police suspect an employee of a credit institution, as well as its management, of setting up the necessary infrastructure, supporting money laundering and facilitating it, and among the detainees are bank employees.  In Malta, the raid on the bank are linked to questions about 17 Black, a gambling company ostensibly owned by RufutBaratzada, an Azerbaijani security guard who works in Baku and lives in a one-storey house,

https://www.leta.lv/eng/home/important/2EABA75C-88E6-4FD9-8CA1-96676B4C81D5/

https://lovinmalta.com/news/it-is-all-connected-latvian-bank-linked-to-17-black-raided-in-major-money-laundering-investigation/

 

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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