Anti-Financial Crime & Financial Crime Compliance
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NEWS: Latvian authorities bust major money laundering ring using money mules

By Alisha Houlihan for AMLi

Latvia’s State Police have busted a criminal organisation that used more than 90 money mules to provide professional money laundering services.

The country’s State Police Department of Cyber Crimes launched criminal proceedings against the organisation, after a credit institution noted systematic fraudulent activity relating to some of its clients’ accounts early this year.

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