I'm another Rietumu victim, and for a much larger amount
Same s*it - AML, KYC documentation requests that go on forever, they take 2-3 weeks to just review the docs just to come back and ask for more stupid stuff
We have "Jelena Fjodorova" and "Anna Golovina" answering messages without giving any concrete answers or dates. Complete BS.
Ah, an of course - they charge EUR 500-900 every time they "review" some new document they asked for...in addition to a EUR 1,000/m account "maintenance" fee they just came up with out of the blue...
The irony is that they're charging fees for an account that's not even active...they have frozen all funds for credit and debit...
...yet they can debit their extortionate fees as they please!
This bank is going down (insolvent) and they are trying to grab (correction: steal) every cent they can
Have contacted a few lawyers in Riga, let's sue the s*it out of these people...
and I won't stop there until they give me every single cent of my money back (including their extortionate "fees")
PM me, let's file a class action lawsuit (plus a few more "tricks" I have down my sleeve)
Financials look fine and worst looks to be over for this Latvian laundering house. Apart from reputational risk to their business where is the indication in the financials that they are about to go bust?besides the lawsuit consider a lawyer on your own. If you see the 1st and 2nd quarter financial statements of the bank they are about to be bust at the end of this year. 3rd quarter numbers still arent available on their website...
Yes worse looks to be over as I said and their assets outflow actually stabilized between Q1 and Q2 with a slight increase in assets actually. Unless trend reverts in Q3 then I don't see any issues. In fact their balance sheet is solid and liquidity very high. The bank is highly liquid and well capitalized it is better financially than 99% of banks if you go through their balance sheets. They are more profitable than last year in fact and still the 2nd biggest bank in Latvia I believe.Their assets went down 50%just in the first two quarters. Compared to 12.2017. They are still blocking a lot of funds of account holders.
Actually there should be alot of people who already finished this story with Rietumu bank. I know few people who already did that, but they all had to pay the bank % of the amount on their accounts or leave a deposit. Also this "due dilligance" is the thing which you really need to pass since they wont offer you any options to leave without it.Hello,
I am the victim of Rietumu. I want transfer out all the money but they still keep my money under Due Dilligence.
They frozen my account and after that they closed my account and then took all my money out using unreasonably high fee.
Is there anyone who has managed to recover his money?