News

Latvia's financial intelligence unit has hired more than a dozen additional personnel to help address the Baltic nation's continued vulnerability to schemes by neighboring Russia and Belarus to evade commercial and financial embargos imposed on them by the West. On April 1, FIU Latvia became the country's central authority for sanctions implementation, broadening the agency's remit to include licensing or denying licenses for otherwise prohibited transactions, recommending and advising on asset freezes, and maintaining a public search engine of entities and individuals subject to EU restrictions. FIU Latvia director Toms Platacis and Koos Couvée, ACAMS moneylaundering.com's bureau chief in London,...