Two detained in Ukraine over money laundering scheme targeting Latvian residents
Latvia's State Police, working with partners, uncovered an organized group in Ukraine that laundered money defrauded from Latvian residents. Two people were detained, with total damages to victims exceeding 200,000 euros.
The State Police's Cybercrime Combating Department, together with partner agencies, carried out searches in Ukraine — in Kyiv and Dnipro — in early August, targeting members of an organized criminal group accused of laundering money defrauded from residents of Latvia.
As a result of the operation, two people were detained on suspicion of involvement in the scheme.
Significant losses
According to police, the total damage inflicted on victims exceeds 200,000 euros. The group is believed to have worked to legalize funds that had been fraudulently obtained from people in Latvia, making the money harder to trace.
The investigation is ongoing, as police work to identify all individuals connected to the scheme and to recover losses suffered by the defrauded victims.
