Baltic States – CIS, Financial Services, Latvia, Legislation

The con-men arrived at Sneidere's office with a power of attorney, allegedly certified by a Moscow notary. If endorsed by a Latvian notary, the document would give a company and its director, a citizen of Uzbekistan, the right to take further action abroad, Pizica informed.

According to Pizica, Sneidere checked the power of attorney and ascertained that it was a forgery. If this had not happened, the con-men would have access to major monetary resources in foreign banks, worth several trillion U.S. dollars. Sneidere's office informed the police about the forged document, writes LETA.

Modern technologies and especially information exchange networks play a very important role in the prevention of fraud at notary offices across Europe, and these prevention systems have already proven their efficiency. Furthermore, the latest case shows once again that Latvia's notaries are top professionals who help prevent fraud not only in Latvia but also in other countries, Council of Notaries Public Ilze Pilsetniece commented.