Category: Rietumu Bank

Latvian Bank Fined Heavily Over Laundering Scheme in France

A Paris court fined a Latvian bank Thursday for laundering hundreds of millions of euros through a vast scheme allowing French taxpayers to avoid paying their dues. The court fined Rietumu Banka 80 million euros ($91 million) for facilitating a scam to “democratize” tax evasion among ordinary taxpayers and small… – Continue reading

Details emerge of massive French tax evasion scam using Latvian bank

French publication Challenges on Friday published details of a massive tax evasion scam by the company France Offshore that promised to reduce tax bills for French nationals using a network of offshore companies and Latvia’s Rietumu Bank. According to Challenges, the massive fraud was masterminded by France Offshore’s Nadav Bensoussan… – Continue reading