Office for Prevention of Laundering of Proceeds Derived from Criminal Activity from Latvia is collaborating with their colleagues from Moldova to reveal all details of the bank fraud scandal from Moldova. The declaration was made by the institution's head, Viesturs Burkans, on a Latvian tv show. According to him, both countries have exchanged information to find traces of the money.

"Our colleagues from the same institution from Republic of Moldova for many years now are on first place in terms of information exchange. We receive much information and often. Together we planned who and what actions will take" Viesturs Burkans said.

All information regarding money laundering in Latvia can be found in Kroll 2 report, made by Steptoe and Johnson and published at the end of last year by the Central Bank. According to the document, during 2012 - 2014, from Banca de Economii, Unibank and Banca Socială were taken at least 600 million USD. The scheme was organized and managed by representatives of Șor group.

The money from Moldovan banks were lent to some companies from Orhei, owned by lan Șor, and then transferred to two banks from Latvia. Part of the money returned to financial institutions from Moldova, to pay back some of the debts, allowing the scheme to continue, while the rest disappeared through off-shores. Banks from Latvia are implicated in laundering 20 million USD from Russian, in Moldovan banks.

Recently, journalist Novaya Gazeta from Russia investigating this case declared that the scheme was revealed due to investigative journalism from Republic of Moldova and stopped only after authorities from Chisinau took actions.