Latvia strikes blow against Scotland’s secrecy firms

LATVIA looks set to deliver a major blow to Scotland’s secret “tax haven” firms as it cracks down on money-laundering through its banks. Continue reading

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Latvian Bank “ABLV” is liquidated

On 23rd of February European Central Bank (ECB) has announced that the bank ABLV’s performance is showcasing first signs of a potential crash.

As ECB further explained, due to substantial worsening of liquidity ABLV will not be able to fulfil its debts and other duties within the set deadline. Head of Commission of Trade and Capital (CTC) Peters Putninis claims that future of ABLV is only in hands of ECB.
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Malta freezes Pilatus bank’s operations after chairman’s arrest

Malta’s regulators have imposed a freeze on the Business of Pilatus after its Chairman’s arrest on charges of breaking U.S. sanctions prompted a fresh wave of criticism towards island’s authorities.
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Posted in Blog, News