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You better hope that the Latvian bank has NO dealings with the US....
"...the recent terrorist arrests were part of a tightening net the US has cast across the world, and the global banking system is caught in the snare. Whether they like it or not any foreign bank now wanting to do business with America will have to vouchsafe it's client list......
It's called the Patriot Act ......Financial institutions need to know their customers - and know them well. They need to know exactly who they are and where they come from. And they need to know where their money goes.
All foreign banks with a US office, or with a bank-to-bank (correspondent) relationship with any US bank, will be forced to meet these same stiff new rules. If they fail to comply, American institutions are forbidden from dealing with them.
...the onus is on the US banks and financial institutions to ensure that any overseas firm with which they do any kind of business has complied with the Patriot Act. Penalties for the US firms for non compliance include $US1 million fines.
Under the Act, all financial institutions must have not just the stringent vetting processes in place to check and authenticate their customers and their customers' customers, but must have comprehensive money-laundering software to identify, monitor and report transactions.
....any foreign bank doing business with the US has the same obligations as the US banks."
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please allow me to introduce myself, I'm a man of wealth and taste...I've been around for a long long year stolen many man's soul and faith...I was around when jesus christ had his moment of doubt and pain...made damn sure that pilate washed his hands and sealed his fate...pleased to meet you hope you guess my name...but's what's puzzling you is the nature of my game...
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