The Prime Ministers of Estonia, Latvia, and Lithuania issued a joint declaration acknowledging the region’s challenging position with respect to Russia.
The financial intelligence units of Estonia, Latvia, and Lithuania published the findings of a pan-Baltic strategic assessment of the movement of illicit cash, highlighting several recommendations for combating cash-based money laundering.
Baltic Bankers, Regulators Discuss Sanctions, AML Supervisory Challenges
Russian sanctions-evasion schemes connected to the Baltics continue to grow in complexity and sophistication, officials told an industry event in Latvia on Wednesday.
Weekly Roundup: Fintrac Investigates ‘Cyber Event,’ US Officials Warn Austrian Bank, and More
Brazilian ex-president’s son charged with money laundering, lawsuit against Silvergate Bank clears hurdle, and more, in the weekly roundup
The Estonian Financial Intelligence Unit, Finantsinspektsioon, withdrew the operating licence of the Tallinn, Estonia based financial institution for serious breaches of anti-money laundering and terrorist financing requirements.
Technical | Effectiveness |
---|---|
Compliant : 7 | High : 0 |
Largely Compliant : 18 | Substantial : 3 |
Partially Compliant : 15 | Moderate : 8 |
Non-Compliant : 0 | Low : 0 |
Rank : 141/141 |
Score : 2.36/10 |
Rank : 17/179 |
Score : 75/100 |
Rank : 121/133 |
Score : 43/100 |