The Moldovan Banking Wars

Credit: Ofer Deshe, CC By SA 2.0 Published: July 26, 2016

Moldovan banks are in a life-and-death struggle. Many have been involved in money laundering and asset thefts that have moved tens of billions of dollars from Russia to the West. Then when $1 billion disappeared from three Moldovan banks last year, the theft raised more questions than it answered and dealt a brutal blow to the economy.

What's clear is that the battle over Moldovan banks is still being waged as more banks are targeted by characters whose real motivations are not clear.


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