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> To a shady bank in Latvia, no less. I kind of understand what you mean, but this is a little unfair to Latvia. It's a member of the EU and the eurozone, its
by conistonwater 12y ago
> To a shady bank in Latvia, no less.
I kind of understand what you mean, but this is a little unfair to Latvia. It's a member of the EU and the eurozone, its banks are (don't laugh please) supervised, and the bank itself was very likely not shady at all. Rather, the bank's customer, which opened an account with the bank, was a shady fraudulent business.
The issue with transferring money like that is that it makes investigations harder and slower, as there are more jurisdictions in play. But I think the bank that processed the transactions was basically quite all right, unless there is specific evidence to the contrary.
- mootothemax 12y agoI kind of understand what you mean, but this is a little unfair to Latvia. Completely agree, it'd be just as possible to perform such a scam with bank accounts in e.g. the UK or the US. It doesn't take much. Here's a 16-year-old complaining about his bank's conduct after he was basically caught processing fraudulent payments via his bank account: http://www.theguardian.com/money/2012/jul/07/strange-bank-account-money-mule http://www.theguardian.com/money/2012/jul/07/strange-bank-ac...
- kbart 12y agoMost of the banks in Latvia (same as in all Baltic states) are the branches of bigger Scandinavian banks, that as the last crisis has shown, are among the most trustworthy and respected banks. So no, it's not "some shaddy bank".