Bankers Targeted in $20 Billion Moldovan Laundering Case
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Moldova plans to charge four or five bankers with money laundering, saying they helped shift as much as $20 billion in illicit cash from Russia to Latvia.
“The investigation is close to being finalized,” Vasile Sarco, head of the country’s money-laundering prevention unit, said by phone. Moldova’s central bank has fined a local lender and its management after a probe into $18 billion to $20 billion of suspicious transactions between 2010 and 2014, Governor Dorin Dragutanu said.