Special fee proposed to reduce number of risky offshore clients for banks
A special fee for risky transactions would help reduce the number of offshore clients for banks, said Finance Minister Dana Reizniece-Ozola after a meeting of the Cabinet of Ministers.
When asked to explain the proposal regarding the fee for risky transactions, the minister mentioned that it can be applied to the portion of a bank’s turnover formed from transactions with shell companies.
She did not mention the exact amount the fee would be, because discussions still continue. At the same time, the finance minister emphasized that the goal behind the fee is not adding money to the budget, but rather motivating banks to reduce the proportion of serviced shell companies.