On 23 August, Reuters reported that Moneyval has said that Latvia must do more to enforce its laws against financial crimes,  in a report published in the wake of the collapse of the country’s third-largest bank, ABLV, in a money laundering scandal.  Latvia has been ordered to report to Moneyval at the last plenary meeting in 2019 about the implementation of its recommendations under enhanced follow-up procedures.


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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