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Latvian regulators are planning to subject banks handling high volumes of transactions involving firms in Turkey, China, Kazakhstan, Azerbaijan and other countries to enhanced scrutiny out of concern that Russia is using those jurisdictions to evade sanctions. Last month, Latvia's financial intelligence unit flagged a marked increase in payments to and from those nations and other former Soviet states, and further disclosed that a host of new legal entities have sprung up in those jurisdictions, specifically in sectors on which the West has imposed severe economic and financial restrictions in response to the invasion of Ukraine. Shortly after the FIU...