Spe­cial fee pro­posed to re­duce num­ber of risky off­shore clients for banks

Baltic News Network - - News -

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.

REUTERS/SCANPIX

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