Banks

International Internet Magazine. Baltic States news & analytics Thursday, 23.03.2017, 12:22

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USD payments may become a problem for Estonian banks

USD payments may become a problem for Estonian banks

22.03.2017

Following revelations in the media of alleged money laundering committed using Estonian banks, making U.S. dollar payments in Estonia and Latvia may become extremely difficult if Deutsche Bank should stop handling dollar settlements here, Aivar Paul, head of prevention of money laundering at LHV Pank, said LETA/BNS.

Keyword tags: Baltic States – CIS, Banks, Estonia, EU – Baltic States, Exchange, Financial Services, Latvia, Legislation



Lithuania's Steponkus clearing reputation of Moldovan bank amid launering charges

Lithuania's Steponkus clearing reputation of Moldovan bank amid launering charges

22.03.2017

Lithuanian consultant Giedrius Steponkus aims to improve the reputation of Moldovan bank Moldindconbank, which was used for laundering part of 20 bln US dollars from Russia, 15min.lt news portal reported as part of the international research Laundromat conducted in cooperation with the research journalism center Organized Crime and Corruption Reporting Project (OCCRP), independent Russian publication Novaya Gazeta and another 31 journalists working in the country, writes LETA.

Latest projection of the Bank of Lithuania: Given economic acceleration and average wage will rise more than prices

Latest projection of the Bank of Lithuania: Given economic acceleration and average wage will rise more than prices

21.03.2017

Having assessed the gradual pick-up in domestic economic activity and the improving situation of Lithuanian manufacturers in relevant foreign markets, the Bank of Lithuania projects that this year the economy will expand by 2.6%, while its growth rate next year will reach 2.8%. Wage growth, estimated to stand at 6.1% in 2017 and 5.7% in 2018, will outstrip the rising inflation rates. Such projections for economic and wage growth are higher than expected and announced at the end of last year.


Issue date of coin dedicated to the Lithuanian Hound and Žemaitukas changed

Issue date of coin dedicated to the Lithuanian Hound and Žemaitukas changed

21.03.2017

With an aim towards development of numismatics, the Bank of Lithuania will soon begin to sell numismatic items via a new, user-friendly, e-shop. Therefore, in the near future, the old pre-order system will no longer be used. In Q2 2017, processing of pre-orders will stop all together, as the coin dedicated to the Lithuanian Hound and Žemaitukas will be issued later – in Q3 2017.

USD 1.6 b of Russian money laundered through Estonian banks

USD 1.6 b of Russian money laundered through Estonian banks

21.03.2017

An international group of investigative journalists has revealed how banks laundered 20.8 bln U.S. dollars of Russian money of illegitimate origin, of this nearly 1.6 bln dollars through Estonia, writes LETA/BNS according to Postimees reported.


21.03.2017

USD 77 mln possibly laundered via Lithuanian banks

Around 77 mln US dollars of Russian money could have been laundered via Lithuanian banks with the help of dubious court rulings and complex bank transactions, writes LETA/BNS according to the news website 15min.lt reported on Tuesday.

21.03.2017

Lithuania's SEB Bankas plans to pay out EUR 123 mln as dividends

SEB Bankas, Lithuania's biggest commercial bank by assets, plans to pay out 123.146 mln euros as dividends, its largest-ever dividend payment, writes LETA/BNS.

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