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Stay away from Rietumu banka

dotbloup

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May 16, 2016
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The bank is involved in a 100 millions euros scam.

The french authorities sued Rietumu and asked the bank to secure 20 millions euros as security bond. The future of this bank is unclear. France firepower in terms of tax recovery is quite harsh. They are investigating money laundering evidences around Rietumu banka. They can squeeze the Latvian government for that as they desperatly need money just like in the UK. When you are on the radar of the tax authority from one country directly or indirectly... Good luck !!

Latvia’s Rietumu bank charged in French money laundering case | AMLabc

http://www.eveningtimes.co.uk/news/...nder_pressure_on_bank____money_laundering___/
 
French authorities during investigation of a €100mn tax evasion scam by a company named French Offshore. The French authorities also suspect that the bank’s vice-president Aleksandrs Pankovs helped with the scam.
Why does this not surprise me at all!

From the very beginning when they started spamming me with e-mails and also tried to spam this forum I thought this can't be a real bank managed by honest bankers!


dermot-desmond-celtic.jpg
The bank was last year fined £30,000 by Latvian authorities for “violations of money laundering and terrorist-financing laws”.
Well well noted!!



Thanks for the warning OP, if you find any new information while the French governement may be doing progress please post here, this is going to be very interesting :)
 
I feel sorry for people that opened an account with this bank! They will all be under investigation already!! nai¤%

She added: “That’s why he charged them. He thinks because of different elements that the bank and some of the responsible persons there knew that it was... how can I say ... a system of money laundering.”
LoL thu&¤# fin4774"fin4774"fin4774"fin4774"
 
Reporting it to the police will not help since I believe they didn't do anything illegal yet!
 
I have a friend who got his funds frozen with this bank because of no reason. He asked why his money was on hold but they don't reply:( Any idea what to do?
You may ask a lawyer to help you. When you pick a lawyer you want to hire a local lawyer in the same country as this bank is! Just to avoid you to be surprised about the fee that such a lawyer may charge than be prepared it is not going to be cheap!
 
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To hire a lawyer in the Baltic's is very expensive there is lots of corruption what they know!
 
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Stay far away from Rietumu. We had worst experience ever. During a trial work with 6 digit amounts they freezed our money, asked us questions and stupid documents and hold the money. They act with our money like it is their money with no respect and trust at all. We lost a big 5 digit amount as it is not much money for us and too much hazzle. Just stay with the old good and trustful banks in Swiss, Austria, Luxemburg.
 
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