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Report: Latvia euro entry is magnet for 'dirty money'

31.12.13 @ 08:45

  1. By EUOBSERVER

Latvia's entry into the euro is expected to spike the flow of dirty money from former Soviet-states into its banking sector, reports the AP. Thirteen of Latvia's 20 banks operate by moving foreign funds and are considered safe havens for dubious funds. Stability and "permissible politics" are pull factors.

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