We often wonder why nobody at any European Union authority seems aware that Latvia is secretly paying the EBRD to act as straw shareholder of Putin’s banks since 2009 since the evidence has been all over the media for years plus sent directly to these authorities repeatedly. Right now in 2026, since Latvia still hasn’t prosecuted any of Putin’s money men, by our count at least five licensed banks in Latvia are boutique money laundering specialists. MoneyVal sent a team to examine Latvia in early 2026. They must have been wearing blindfolds and earplugs because after their visit they praised Latvia for excellence fighting money laundering.
MONEYVAL Ignoring Whistleblower Shadows Latvia AML Praise – Fincrime Central
pdf in case link goes down:
