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Chala companies were eliminated in Latvian banks, Finance Minister Dana Reizniece-Ozola (ZZS) said Thursday in an interview with LNT "900 Seconds".
At the beginning of the week, it was reported that Latvian banks were quickly getting rid of risky shells – leaving only a 0.5% share of bank deposits
bringing the necessary change
The total risk factor for Latvian banks has decreased. In May, amendments to the Law on Prevention of Money Laundering and Terrorist Financing prohibit Latvian market players from cooperating with companies that meet the two characteristics of shell-to-hull construction. or creates no economic value, and there is no information to the contrary, as well as in the country in which the company is registered, it is not necessary to prepare and submit financial statements to the authorities monitoring.
To determine and obtain additional information and documents about the business model of the company, the relevance of the profit for its activities and its turnover, and for the people who actually insure the business. economic activity of this company, as well as the existence of economic value.
