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.

The report is available at –

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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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