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Latvia Is a Small Country Eager to Fix a Big Money-Laundering Problem

Jul 17, 2019 - The New York Times

RIGA, Latvia — One was a dodgy investment adviser who used a pyramid scheme to bilk unsuspecting Russians out of $10 million. Another was a Taiwanese businessman who was secretly helping North Korea buy precision tools for its nuclear weapons program. Yet another was a corrupt Ukrainian politician spiriting millions of embezzled dollars out of his country.

For years, according to the authorities in Europe and the United States, some banks in the drowsy Baltic port city of Riga specialize...