Although not in the league with London, New York and Zurich as a criminogenic flight capital center, Latvia has carved out a substantial niche in the global money laundering system. According to Bloomberg: “As non-European inflows into Cyprus stagnate, about $1.2 billion flooded into Latvia in the first half of the year. Non-resident deposits are now $10 billion, about half the total, regulators say, exceeding 43 percent in Switzerland, according to that nation’s central bank.”
http://michael-hudson.com/2013/01/latvi
"To preserve his secrets [Marc Rich] apparently never fired any of his underlings. Supposedly they were paid even when they did not function well anymore."
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