LatviaThe Cybercrime Combatting Department of the State Police in Latvia organized an international conference on combatting and investigating cybercrimes.
The Financial Intelligence Unit of Latvia released its annual report covering activities in 2022, highlighting that work in the field of sanctions in response to the Russian invasion of Ukraine was a priority area of focus.
France sees shift in STR filings, Brazil sentences former president, and more, in the weekly roundup.
European, US Officials Discuss Cryptocurrency Regulations, Russia Sanctions
Sweeping new regulations that will soon govern the EU’s entire cryptocurrency industry will prompt significant supervisory changes and introduce far stronger requirements to protect investors from fraudsters, Baltic officials said Wednesday.
Latvia Spots New Money-Laundering Threat with NFTs
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 |