Euro Currency To Make Banks Attractive Haven For Dirty Money


News: Analysts expect Latvia to see a great influx of dirty money on adoption of euro currency on January 1 2014. 'The issue with Latvia is that you have a pretty permissible political environment, and you have the massive and quite efficient infrastructure for managing these funds from the East. The question is, why wouldn't you want to go to Latvia?,' New York University professor Mark Galeotti said (GlobalPost). Latvia's regulator claims to have introduced several controls for curbing money laundering, terrorist financing, and preventing excessively large sums from entering the banking system. Experts agree that the country's regulator has acknowledged the risks of dirty money and is addressing them, if slowly.

This article is tagged to:
Geography: Latvia

Related products in our Store...

Check out our most popular reports below or view more in our store