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Announcement from the Foreign Investors' Council in Latvia
2018.02.27 00:00 - 2018-02-28 00:00
Foreign Investors' Council in Latvia (FICIL) is seriously concerned regarding the negative consequences for Latvia caused by allegations of corruption against Latvia’s central bank governor and accusations of money laundering against Latvia’s third biggest bank. This situation creates a serious reputation damage for the country and if not addressed properly endangers both, existing and new investment. Combating all forms of economic crime – corruption, bribery, tax evasion, abuse of insolvency process, money laundering and others – has been in FICIL’s focus already for several years. It is important because the consequences of economic crimes go far beyond financial losses and economic well-being of society and business – it undermines good governance, fairness, democratic institutions and moral foundations of society.
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Danish Chamber of Commerce in Latvia, Pils iela 11, Rīga, LV 1050, Latvia;
e-mail: dcc@dcc.lv, ph.: +371 22002977., fax: +371 67167635
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