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.
https://www.reuters.com/article/latvia-banks-report/latvia-must-do-more-to-tackle-money-laundering-watchdog-idUSL8N1VE1N4?src=ilaw
https://emerging-europe.com/business/moneyval-calls-on-latvia-to-clean-up-banking-sector/?src=ilaw
https://www.coe.int/en/web/portal/-/moneyval-calls-for-actions-to-combat-money-laundering-and-terrorist-financing-in-line-with-latvia-s-risk-profile?src=ilaw
Like this:
Like Loading...
Related
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
View all posts by raytodd2017
raytodd.blog 