Latvia on the laundry list

Mar 10, 2010
From wire reports

RIGA - A report by the U.S. Department of State includes Latvia among a list of 60 countries in which money laundering took place last year, reports news agency LETA. The report says that the largest source of money laundered in Latvia is tax evasion and fraud, some of which appears to originate “from outside of the country.” Other sources include financial fraud, smuggling, and public corruption, according to the State Department’s annual money laundering and financial crim ...

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