The Latvian media is reporting today that the Latvian Proxy Network was laundering money for North Korea from 2009 to 2015. Apparently the United States FBI discovered this problem and pressured the Latvian FKTK to fine the banks, however the fines are insignificant, as usual.
The articles today don’t mention another connection to North Korea. Parex Bank was caught giving $111 million cash for free to Eduard Khudainatov, a member of Vladimir Putin’s inner circle who is sanctioned by the US Treasury for his links to North Korea. Parex booked the gift as a loan even though it doesn’t have collateral. When Parex fraudulently transferred it’s liabilities to Latvia in 2008/2009, the full loss went to the taxpayers. However Latvian authorities still amazingly blame the disappearance of the assets of Parex on the US and Sweden and the mainstream media and Brussels are still going along with this absurd lie.