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Rietumu - for all victims of fraudulent account closure and theft of funds

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I would think carefully if you want to‍ go down that road. Bringing a case against a mafia money laundering bank in a⁠ corrupt backwards Eastern European country where even the head of the central bank was accused⁤ of bribery is not easy 🙁. I would take the financial hit and move on⁣ as even lawyers are getting shot dead in relation to another Latvian bank scandal. cry&¤

Bloomberg - Are you a robot?

"Its central bank chief has been charged with bribery. A⁢ lawyer liquidating the bank that was accused of bribing him was killed in a hail︀ of machine-gun fire. One of the country’s biggest lenders was shut down after the U.S.︁ levied allegations of money laundering and violations of sanctions on North Korea."
 
So you just want︂ to put your head in the sand? You are obviously a sucker who can't stand︃ to fight for your rights. we may no win but it may bring them down︄ eventually.
 
I didn't bank with them or any bank‍ in Eastern Europe. If you read my first few posts on this thread you will⁠ see my views on banking in Eastern Europe 🙁.
 
I have never banked⁠ and will never bank in a banana republic like Latvia. I am unaffected by Latvian⁤ events. Please see first page of thread and my posts before posting this thu&¤#
 
He’s just trying to⁠ prevent you from losing more money I guess... Eastern Europe is not Walt Disney
 
From what I know RB has pretty much forced clients to provide accounts to which‌ money can be transmitted to, since by law they cannot hold on to the client's‍ funds for any longer. Is anyone still having any issues?

If Latvia was a banana republic, then how could EU institutions and USA have such⁢ power over bank operations in Latvia? In Banana republic there would be no such issues,︀ Banana republic allow shady companies to operate with no problems. If anything, closing down of︁ offshore accounts in Latvia means it is becoming LESS like a banana republic.
 
The US has power‍ over them cause the bank used USD. The EU did not give a damn what⁠ was happening until US woke them up. The US forcing the closure of ABLV bank⁤ was a start. Closing down offshore accounts at Rietumu is also a start but the⁣ country remains a banana republic.
 
Well, if it was banana republic then you could easily open offshore accounts and do⁣ shady stuff since that is what characterises banana republics. Since you cannot do that anymore,⁢ doesn't make sense to use that term. Banana republics are not strictly regulated, Latvia is.︀ So your comparison makes no sense.
 
Hello,
i got some funds also blocks With Rietumu and they allow me transfer only‌ to an another account but with the same name of the company i register with‍ them.
Someone got the same situation?
 
that has been⁠ their requirement all along with the variant that the account needs to be in an⁤ OECD country
 
I know the term⁤ is offensive but a small country like Latvia with under 2m people whose banking sector⁣ is dominated and controlled by dirty Russia money and organized crime gangs. In December last⁢ year non-resident holdings in Latvia account for almost 40% of assets held by Latvian banks︀ and most of it from Russia ns2. Even in May 2018 a liquidation lawyer for︁ ABLV was machined gunned to death reminiscent of Pablo Escobar's behaviour ca#"!.

https://www.reuters.com/article/uas...ice-see-hand-of-organized-crime-idUSKCN1IV20B

The countries︂ banking system is a complete and utter laundromat and continues today to be. Don't believe︃ me so please google "Latvia money laundering". Money laundering and corruption from central bank chief︄ downwards still takes place in Latvia today and the banking sector will continue to be︅ a conduit for money laundering and dirty money despite US and non-existing EU efforts.

Money laundering accusations in Latvia cast doubt on ECB credibility

Even as recent as March 2018︆ the US stated that Latvia banks are still complicit in money laundering.

Subscribe to read︇ | Financial Times

However banks are taking notice in working with Latvian banks as they︈ know all too well the reputation and the risks of Latvian banking sector. Latvia is︉ not going to shed its reputation as a money laundering hub overnight or in a︊ few months. It will take years to get it back and for the dirty non-resident︋ Russian money to stop dominating the banking sector.🙁

- The Washington Post

"France fined Latvian︌ bank Rietumu 80 million euros for money laundering. Major global banks, meanwhile, have stopped making︍ dollar transactions with Latvian banks after the Laundromat’s leaked documents illustrated how dirty money had︎ reached firms like Deutsche Bank by way of Latvian banks. Last week, the U.S. Treasury️ singled out one of Latvia’s biggest banks, ABLV, for having “institutionalized money laundering” and the‌ ECB on Monday blocked ABLV from making any payments amid concerns about its finances."
 
Latvia owned by the rich russian people does this comes to a surprise to people?‌ bla-"!
 
I have just received a reply form the lawyer I‍ suggested months ago. It is the first positive thing I have had since this started⁠ a year ago.
I will keep you informed
Steve, hallo,

Yesterday was my first day⁤ after vacation, so I have contacted bank and discussed possibilities of solving your case. The⁣ Bank has said, that money can be refunded, but the procedure shall be negotiated with⁢ board of the Bank. To act behalf of You I shall have Power of Attorney.︀ For the beginning POA can be formed as notification for the Bank vai internet-bank system.︁ The text of notification can be following “hereby I (or name of the company)︂ appoint Mr. Andrejs Nikiforovs, citizen of Republic of Latvia, date of birth May 2, 1988,︃ personal code in republic of Latvia 020588-10516, to be my attorney in any questions, regarding︄ conclusion of agreement with Bank. The Attorney has right to negotiate with Rietumu Bank, receive︅ any documents and information.”.

Please, do this, and as soon you will send POA︆ message to Bank, notice me and I’ll start to negotiate.

Best Regards,

Andrey N.
 
How well do you know this attorney? You want to make sure he‌ is really only given LPOA i.e Limited Power of Attorney that precludes issuing any payment‍ instructions otherwise ki#¤% kiss your money goodbye perhaps.
 
Hi,
I have read this topic to late, i am also a victim, they charged‌ me with a 4 number amount,
and i closed the account already by the bank‍ in februar.
Is there any update regarding the lawsuit?
 
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...
 
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