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I’m not certain as to the original post’s implication, but the multi-billion-dollar Russian “Laundromat” schemes that have come to light over the past few years
by macNchz 7y ago
I’m not certain as to the original post’s implication, but the multi-billion-dollar Russian “Laundromat” schemes that have come to light over the past few years fed through Baltic banks, including at least one in Lithuania. I’d think, though, that since these came to light there would be added scrutiny and it wouldn’t be an ideal place for further nefarious activity.
- krn 7y ago> through Baltic banks, including at least one in Lithuania Just to clarify: The Russian Laundromat mostly relied on the banks from Latvia and Estonia[1], the two EU countries with the largest Russian population. The only banks which participated in the scheme from Lithuania – Danske and Nordea – were actually Scandinavian, and have either left the country (Danske), or merged with others (Nordea) afterwards. [1] https://www.occrp.org/assets/laundromat/BarChartBank-big.png https://www.occrp.org/assets/laundromat/BarChartBank-big.png
- macNchz 7y agoI was thinking about the recently revealed 'Troika Laundromat'–smaller than the Russian Laundromat scheme but still a $5B operation–which involved the Lithuanian Ukio Bankas: https://www.occrp.org/en/troikalaundromat/the-troika-laundromats-friendly-eu-banker https://www.occrp.org/en/troikalaundromat/the-troika-laundro...
- krn 7y agoThis one was really a Lithuanian bank, even though founded by a person who was born in Russia, and who escaped to Russia when the bank collapsed in 2013. There are none of such banks left in the country anymore, and people are very concerned about any possible Revolut's connections to Russia.