Following the US Treasury allegations on Latvia’s ABLV bank that it was involved in a money laundering of 50 million euros between 2015 and 2018 after it collapsed. The Law Enforcement Agencies together with the Corruption Prevention and Combating Bureau (KNAB) embarked on rigorous searches at the bank building as instructed by the Prosecutor’s General. The raid activity was part of the 20 authorized searches in Latvia, and agreement with other countries as part of the investigation into the 50 million euros money laundering.
According to the Prosecutor’s office, the crime involved an organized group with representatives in many countries, and it was supported by the ABLV bank in eliminating liquidation and also making the transfer possible. However, the bank has agreed to cooperate with the law enforcement agencies and provide necessary information on request.
