Republic Of Latvia: Detailed Assessment Of Anti-Money Laundering And Combating The Financing Of Terrorism
June 4, 2007
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This paper discusses key findings of the Detailed Assessment on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for the Republic of Latvia. The assessment reveals that aspects of Latvia’s financial services market expose it to a high risk of money laundering. There are welcome indications that money laundering risks have been reduced substantially owing to strong preventive measures being implemented by the authorities and financial institutions. The authorities and financial institutions are working to restore the international reputation of the Latvian financial sector.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Internal controls, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing
Keywords: AML law, Anti-money laundering and combating the financing of terrorism (AML/CFT), applicable sentence, Baltics, confiscation of property, CR, criminal offence, Europe, information regarding resource possession, Internal controls, ISCR, Money laundering, paragraph two, Terrorism financing
Pages:
287
Volume:
2007
DOI:
Issue:
189
Series:
Country Report No. 2007/189
Stock No:
1LVAEA2007002
ISBN:
9781451947014
ISSN:
1934-7685
