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[[File:Burisma Board.PNG|left|300px|thumb|''Source:'' https://youtu.be/IFk5wgMl2k8 SourceWatch: J. Cofer Black<ref>https://www.sourcewatch.org/index.php/J._Cofer_Black</ref> ]]

[[File:Burisma Board.PNG|left|300px|thumb|''Source:'' https://youtu.be/IFk5wgMl2k8 SourceWatch: J. Cofer Black<ref>https://www.sourcewatch.org/index.php/J._Cofer_Black</ref> ]]

On 18 April 2014, [[Hunter Biden]], the son of then-[[Vice President]] [[Joe Biden]], who managed US-Ukraine relations for the [[Obama administration]], was appointed to the board of Burisma Holdings. In February 2016, [[Joseph Cofer Black]], the Director of the CIA's Counterterrorist Center (CTC) (1999-2002) in the [[George W. Bush]] administration and Ambassador at Large for counter-terrorism (2002-2004) joined Burisma's board of directors.<ref>{{Cite web|url=https://www.huffpost.com/entry/former-cia-director-joins-burisma-and-it-is-good-news_b_58adf600e4b01f4ab51c75a4|title=Former CIA Director Joins Burisma, and It Is Good News|last=Nwazor|first=Toby|last2=Coach|first2=ContributorSuccess|date=2017-02-22|website=HuffPost|language=en|access-date=2019-04-17|last3=Consultant|first3=Business Development|last4=Speaker|first4=Motivational|last5=Writer}}</ref> Before joining the board of Burisma, [[Cofer Black]] held a spot on the board of a [[Latvia]]n Bank.<ref>[https://view.news.eu.nasdaq.com/view?id=b98410a9fc50a7c5dd2dba804ab5330dd&lang=en Extraordinary Shareholders’ Meeting of Baltic International Bank Held], Baltic International Bank. Published: 2016-10-11 13:39:26 CEST. https://view.news.eu.nasdaq.com</ref> In an interview with ''DELFI'', a business magazine, Cofer claimed expertise in terrorist financing: "What does counterterrorism have in common with banking? How much time do you have? Actually [they are] shockingly similar. I spent the last 12 years of my time [at the CIA] in counterterrorism, but before that I worked in other fields [of intelligence]. An important thing in counterterrorism is what we now call financial counterterrorism. At the beginning of my career, there was little if any combating of terrorism in the financial area."<ref>[https://www.bib.eu/uploads/content/1/2/8/2/8/ec34c5f5/Joseph-Cofer-Black_Delfi_EN.pdf Former head of US counterterrorism: a degraded society is a greater threat for Latvia than a military attack], Delpfi Business, December 20, 2016. www.bib.eu</ref> . In 2018 the bank was fined:

On 18 April 2014, [[Hunter Biden]], the son of then-[[Vice President]] [[Joe Biden]], who managed US-Ukraine relations for the [[Obama administration]], was appointed to the board of Burisma Holdings. In February 2016, [[Joseph Cofer Black]], the Director of the CIA's Counterterrorist Center (CTC) (1999-2002) in the [[George W. Bush]] administration and Ambassador at Large for counter-terrorism (2002-2004) joined Burisma's board of directors.<ref>{{Cite web|url=https://www.huffpost.com/entry/former-cia-director-joins-burisma-and-it-is-good-news_b_58adf600e4b01f4ab51c75a4|title=Former CIA Director Joins Burisma, and It Is Good News|last=Nwazor|first=Toby|last2=Coach|first2=ContributorSuccess|date=2017-02-22|website=HuffPost|language=en|access-date=2019-04-17|last3=Consultant|first3=Business Development|last4=Speaker|first4=Motivational|last5=Writer}}</ref> Before joining the board of Burisma, [[Cofer Black]] held a spot on the board of a [[Latvia]]n Bank.<ref>[https://view.news.eu.nasdaq.com/view?id=b98410a9fc50a7c5dd2dba804ab5330dd&lang=en Extraordinary Shareholders’ Meeting of Baltic International Bank Held], Baltic International Bank. Published: 2016-10-11 13:39:26 CEST. https://view.news.eu.nasdaq.com</ref> In an interview with ''DELFI'', a business magazine, Cofer claimed expertise in terrorist financing: "What does counterterrorism have in common with banking? How much time do you have? Actually [they are] shockingly similar. I spent the last 12 years of my time [at the CIA] in counterterrorism, but before that I worked in other fields [of intelligence]. An important thing in counterterrorism is what we now call financial counterterrorism. At the beginning of my career, there was little if any combating of terrorism in the financial area."<ref>[https://www.bib.eu/uploads/content/1/2/8/2/8/ec34c5f5/Joseph-Cofer-Black_Delfi_EN.pdf Former head of US counterterrorism: a degraded society is a greater threat for Latvia than a military attack], Delpfi Business, December 20, 2016. www.bib.eu</ref> . In 2018 the bank was fined:

{{quoteboc-float|"Latvia’s financial regulator, the Financial and Capital Market Commission (FKTK) said December 6 it was imposing a 1.5 million euro fine on Baltic International Bank (BIB) “for deficiencies in the Bank’s internal control system.”. . .

{{quotebox-float|"Latvia’s financial regulator, the Financial and Capital Market Commission (FKTK) said December 6 it was imposing a 1.5 million euro fine on Baltic International Bank (BIB) “for deficiencies in the Bank’s internal control system.”. . .

“In 2018 the FKTK carried out an on-site inspection of the Bank, as well as a targeted inspection, during which the FCMC identified that the Bank’s internal control system does not fully comply to the regulatory requirements governing the prevention of money laundering and terrorism and proliferation financing (hereinafter – AML/CTPF),” the FKTK said.

“In 2018 the FKTK carried out an on-site inspection of the Bank, as well as a targeted inspection, during which the FCMC identified that the Bank’s internal control system does not fully comply to the regulatory requirements governing the prevention of money laundering and terrorism and proliferation financing (hereinafter – AML/CTPF),” the FKTK said.