The State Security Service in Latvia, or VDD, issued a statement concerning criminal proceedings involving alleged EU sanctions violations.
The Prime Ministers of Estonia, Latvia, and Lithuania issued a joint declaration acknowledging the region’s challenging position with respect to Russia.
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EU lawmakers approve sweeping AML reforms, Dutch finance minister criticizes banks’ intelligence-sharing plan, and more, in the midweek roundup.
Latvian FIU Takes Leading Role in Russia Sanctions Regime
FIU Latvia director Toms Platacis and Koos Couvée, ACAMS moneylaundering.com‘s bureau chief in London, discuss the agency’s new sanctions responsibilities, how they fit with its traditional remit and the challenges ahead.
The Financial and Capital Market Commission issued a fine against the Riga, Latvia-based financial institution for breaches of anti-money laundering and counterterrorist financing regulatory requirements, as well as international sanctions failures.
The Financial and Capital Market Commission (FCMC) issued a fine against the Riga, Latvia-based financial institution for infringements of anti-money laundering (AML), counterterrorist financing (CTF) and proliferation financing rules.
Technical | Effectiveness |
---|---|
Compliant : 7 | High : 0 |
Largely Compliant : 33 | Substantial : 1 |
Partially Compliant : 0 | Moderate : 8 |
Non-Compliant : 0 | Low : 2 |
Latvia's technical compliance was re-rated in a Jan. 22, 2020 follow-up report
Rank : 29/110 |
Score : 4.61/10 |
Rank : 42/179 |
Score : 57/100 |
Rank : 65/133 |
Score : 59/100 |