Stay away from Rietumu banka

[dotbloup]

The bank is involved in a 100 millions euros scam.

The french authorities sued Rietumu and asked the bank to secure 20 millions euros as security bond. The future of this bank is unclear. France firepower in terms of tax recovery is quite harsh. They are investigating money laundering evidences around Rietumu banka. They can squeeze the Latvian government for that as they desperatly need money just like in the UK. When you are on the radar of the tax authority from one country directly or indirectly... Good luck !!

Latvia’s Rietumu bank charged in French money laundering case | AMLabc

http://www.eveningtimes.co.uk/news/...nder_pressure_on_bank____money_laundering___/

 

[JohnSeed]

Thanks for this nice share. I will have to send a link to this thread to some friends of mine.!!

 

[negon]

Thanks for sharing! I'm busy the next hour or so

 

[JohnLocke]

French authorities during investigation of a €100mn tax evasion scam by a company named French Offshore. The French authorities also suspect that the bank’s vice-president Aleksandrs Pankovs helped with the scam.

Why does this not surprise me at all!

From the very beginning when they started spamming me with e-mails and also tried to spam this forum I thought this can't be a real bank managed by honest bankers!

The bank was last year fined £30,000 by Latvian authorities for “violations of money laundering and terrorist-financing laws”.

Well well noted!!



Thanks for the warning OP, if you find any new information while the French governement may be doing progress please post here, this is going to be very interesting

 

[redeye]

I feel sorry for people that opened an account with this bank! They will all be under investigation already!!

She added: “That’s why he charged them. He thinks because of different elements that the bank and some of the responsible persons there knew that it was... how can I say ... a system of money laundering.”

LoL

 

[negon]

It seems like a huge scam!! Just moved all my funds from the bank!! That could have been the second time I lost money on a bank!!

 

[redeye]

It seems like a huge scam!! Just moved all my funds from the bank!! That could have been the second time I lost money on a bank!!

I'm happy to read you got your money away from this bank before it was too late! I hate when the banks steal our money!

 

[negon]

Thanks to this post I managed to get the money away!

 

[pinacol]

I was to apply for bank account with them before I found this forum while I searched Google! I'm very happy to have found you people here that help us so much.

 

[pinacol]

I have a friend who got his funds frozen with this bank because of no reason. He asked why his money was on hold but they don't reply Any idea what to do?

 

[xwebm]

I have a friend who got his funds frozen with this bank because of no reason. He asked why his money was on hold but they don't reply Any idea what to do?

Report to Police?! Ask Ambudsman of the country?! Report to National Bank of the Country?!

 

[negon]

Report to Police?! Ask Ambudsman of the country?! Report to National Bank of the Country?!

I doubt the Police will do anything by now. You will have to wait and most important, get everything in written from them to be able to provide proof later on!

 

[JohnLocke]

Reporting it to the police will not help since I believe they didn't do anything illegal yet!

 

[negon]

The police don't do anything when it comes to simply Inter crime they have not the money nor the time to do so!!

 

[suzy]

I have a friend who got his funds frozen with this bank because of no reason. He asked why his money was on hold but they don't reply Any idea what to do?

You may ask a lawyer to help you. When you pick a lawyer you want to hire a local lawyer in the same country as this bank is! Just to avoid you to be surprised about the fee that such a lawyer may charge than be prepared it is not going to be cheap!

 

[myhand]

To hire a lawyer in the Baltic's is very expensive there is lots of corruption what they know!

 

[negon]

Does someone has any latest update on this bank?

 

[Norbert]

Stay far away from Rietumu. We had worst experience ever. During a trial work with 6 digit amounts they freezed our money, asked us questions and stupid documents and hold the money. They act with our money like it is their money with no respect and trust at all. We lost a big 5 digit amount as it is not much money for us and too much hazzle. Just stay with the old good and trustful banks in Swiss, Austria, Luxemburg.

 

[diablo]

I totally agree with you @Norbert it seems they are not a real bank as we used to it but more like a legal scam operation taking peoples Money!

 

[Norbert]

I totally agree with you @Norbert it seems they are not a real bank as we used to it but more like a legal scam operation taking peoples Money!

Yes, please tell the people and companies in order to safe them for losses