Republic of Latvia: Report on the Observance of Standards and Codes on Anti-Money Laundering and Combating the Financing of Terrorism
June 4, 2007
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This report reviews the Observance of Standards and Codes on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for the Republic of Latvia. Latvia has taken strong measures in recent years, through legislative amendments and improvements in implementation, to address deficiencies in its AML/CFT framework and move closer to compliance with the Financial Action Task Force (FATF) Recommendations. Most of the necessary AML/CFT institutions and legal framework are now in place, although coverage of some designated nonfinancial businesses and professions (DNFBPs) is not yet complete.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Correspondent banking, Crime, Financial services, 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), CFT authority, CFT compliance, CFT deficiency, CFT measure, CFT requirement, CFT risk, Correspondent banking, CR, ISCR, Legal support in revenue administration, Money laundering, Terrorism financing, Western Europe
Pages:
19
Volume:
2007
DOI:
Issue:
188
Series:
Country Report No. 2007/188
Stock No:
1LVAEA2007001
ISBN:
9781451946970
ISSN:
1934-7685
