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Latvia’s financial intelligence unit will increase in size and work more closely with regulators and law enforcement to identify banks involved in global money laundering and corruption schemes the agency previously lacked capacity to investigate, its new chief said. Ilze Znotina took up her post as head of Latvia’s Office for Prevention of Laundering of Proceeds Derived from Criminal Activity in June, amid a spate of reforms to clean up the Baltic nation’s financial sector, including by strictly limiting the provision of accounts to foreign-owned shell companies. Apart from working more closely with investigators and regulators to ensure that banks...