Translated text
Latvian financial authorities decided to strengthen measures to identify suspicious patterns and transactions. Representatives of the Commission for experience financial and capital markets (FKTK) Latvia turned to the Bank of Russia, writes ” RBC Daily “. Experts also point out that the popularity of deposits in Latvian banks due to the weakening of customer confidence in the banks in Cyprus.
In the Baltic republics poured foreign investment. Thus, in the first half of this year, the inflow in Latvia was 1.2 billion dollars on deposit at banks in Latvia nonresidents hold about $ 10 billion, or half of the amount of all deposits. For comparison, in the accounts of non-residents of Cypriot banks hold about 22 billion euros. The last major drain of foreign capital of the Latvian banks occurred in 2008., When the annual foreign account holders withdrew from the country of 1.8 billion euros.
Senior Partner, “Pepeliaev groups” Ivan Hamenushko said that Latvia is gaining popularity because of Cyprus, in response to the insistent requests of the EU, U.S. and Russia began to actively cooperate in the disclosure. It is possible that it is the current foreign investment made get worried Latvian regulator. In late August, Moscow hosted a meeting of the Bank of Russia and the Commission financial and capital markets in Latvia. According to the ” RBC Daily “, during the meeting, initiated by the Latvian side, representatives of the Central Bank shared their Baltic colleagues with information that will allow them to improve the methodology for tracking questionable schemes and transactions. On the Latvian side was represented by the chairman FKTK Kristaps backstage and on the Russian – the head of the Bank of Russia Sergei Ignatiev and his deputy, Viktor Melnikov.
Detailed news link (in Russian): Латвия и Россия объединяются против отмывания денег (translated in English: click here)