Reynolds-Ozola: The shell companies were eliminated in Latvian banks in Latvia

Finance Minister Dana Reizniece-Ozola (ZZS) said in an interview about "900 seconds" of LNT

The total share of at-risk customers in Latvian banks also decreased

. it does not have a significant impact on the Latvian economy. As explained Reizniece-Ozola, the Latvian banks have served the foreign customer as "daily communications", namely that the money has hardly been lent to the economy in Latvia

. The Prevention of Terrorist Financing Act, which obliges market participants to stop cooperating with businesses in Latvia within 60 days, which corresponds to two signs of shell formation: there is no evidence of 39, economic activity and economic value. These amendments came into effect on May 9, which means that the 60-day period to comply with this legislation is July 7.

The Committee on Financial and Financial Markets (CFMC) has indicated that the number of shelling units in the Latvian banking customers has declined dynamically and the share of hull structures with which to terminate cooperation in deposits of Latvian banks is about 0.5% of total deposits.

The total amount of deposits with Latvian banks in 2017 was 20.3 billion euros and in 2015 – 23.3 billion euros, euros foreign direct investment in June of this year was five billion, but in 2017 it was 8.1 billion.