A substantial new report from Delna, the Latvian branch of Transparency International, outlines Latvia's history of association with large scale international money-laundering schemes and calls for tighter regulation of the market for trust and offshore companies, which frequently feature in Latvia-linked money laundering schemes.
There are useful explanations of how typical "laundromat" schemes operate and reflections on how legislative and oversight failures have allowed them to continue even when laws are in place that should put paid to such schemes.
The full report can be read and downloaded at the Delna website HERE.
Seen a mistake?
Select text and press Ctrl+Enter to send a suggested correction to the editor
Select text and press Report a mistake to send a suggested correction to the editor