27 February, 2023

Successfully defended a client in an AML case regarding money laundering and confiscation of funds in the amount of 1 million euros

We are thrilled to announce that Skrastiņš & Dzenis Law Firm has successfully defended a client in a recent AML case where the Financial Intelligence Unit of Latvia initiated proceedings regarding money laundering and confiscation of funds in the amount of approximately 1 million euros.

The Court of Economic Affairs was responsible for examining the confiscated funds. The investigating authorities requested the court to acknowledge that the funds were obtained through criminal means and to seize them for the benefit of the state.

However, after a thorough examination of the evidence, the court concluded that there were no grounds to support the claim that the seized funds were obtained through illegal means. As a result, the court decided to terminate the proceedings.

We are proud to have provided our client with a strong legal defense and to have successfully proven their innocence. This ruling reinforces the importance of a fair trial and the need to carefully examine the evidence.

At Skrastiņš & Dzenis Law Firm, we are committed to upholding justice and ensuring that our clients’ rights are protected.

Key contact Verners Skrastiņš

Dispute Resolution
Banking and Finance
Regulatory/Antitrust

Experts

Andrejs Guļajevs

Andra Bērzkalne

Experience

More than three years after the initiation of civil proceedings, the appellate court’s judgement, favorable to the client, has come into force.

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We successfully represented a client in civil case regarding exercise of rights of first refusal and pre-emption

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Skrastiņš & Dzenis has successfully represented SIA VJN Kapitāls in a shareholders’ dispute

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