LATVIA: CASE STUDIES ON HOW TERRORIST FINANCING COULD HAPPEN

On 17th October, LSM reported that the Latvian State Security Service (VDD) has developed a strategy for the prevention of terrorism financing for the years 2019-2021.  It says that the VDD stressed that the terrorism threat level in Latvia remains low but that terrorism is still one of the main security threats in Europe and worldwide.  However, it said, the most eye-catching parts of the strategy are several case studies that reveal how Latvian companies, banks and ports have in the past been part of criminal plans for terrorist financing and sanctions-busting schemes or to facilitate the transit of dangerous goods.  The guidelines say that increased attention must be paid also to deals with Russia and transportation of goods through its territory; and that Russia co-operates also with other countries subjects to sanctions (Iran, North Korea), which causes additional risk to get indirectly involved in the implementation of circumvention of sanctions.

https://eng.lsm.lv/article/society/defense/state-security-service-outlines-terrorist-financing-sanctions-busting-attempts-from-latvia.a335445/

The report is available at –

https://vdd.gov.lv/en/useful/informative-materials/

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: