Two detained in Ukraine over money-laundering network that defrauded Latvian residents
Latvia's State Police, working with Ukrainian partners, exposed a criminal network that laundered money defrauded from Latvian residents; two people were detained and losses exceed 200,000 euros.
In early August this year, the State Police Cybercrime Combating Department, together with partner agencies, carried out searches in Kyiv and Dnipro, Ukraine. The operation targeted members of an organized criminal group involved in laundering money that had been fraudulently obtained from residents of Latvia.
The searches led to the detention of two individuals linked to the criminal network. Police say the investigation has established that victims in Latvia suffered combined losses exceeding 200,000 euros.
International cooperation
The operation highlights close cooperation between Latvian and Ukrainian law enforcement agencies in combating cross-border financial crime. Money-laundering schemes are often used to conceal funds obtained through fraud by routing them through multiple countries and accounts, making them harder to trace.
The State Police say the investigation is continuing in order to identify all individuals involved in the scheme and to work toward recovering the losses for victims.
